Financial and Business Solutions - LEGACY (FABS)

The Financial and Business Solutions - LEGACY (FABS) Master GSA Schedule is a federal contract vehicle for procuring various financial, accounting, audit, risk analysis, and business services/solutions. GSA is no longer awarding new contracts under this vehicle, with services transitioning to The Professional Services Schedule (PSS). The schedule supports federal agencies' needs for comprehensive financial and business-related professional services, enabling government entities to efficiently procure specialized financial expertise through pre-negotiated contract terms.

Task orders under this vehicle predominantly focus on financial audit services, with most contracts awarded to CohnReznick LLP by the Department of Energy's Office of Environmental Management. Typical task orders range from $50,000 to $900,000, with performance periods spanning six months to three years. These contracts consistently use time and materials or firm fixed-price pricing structures and are not designated with specific set-asides. Common audit scopes include incurred cost audits, financial statement reviews, accounting system assessments, and cost proposal evaluations. The Department of Energy represents the most frequent funding agency, with task orders supporting environmental management, nuclear energy, and office of inspector general programs. Performance locations are primarily in Virginia, Maryland, and Washington state, with prime contractors like CohnReznick LLP demonstrating extensive experience in federal financial audit and advisory services.