Financial Improvement and Audit Readiness (FIAR)

The Department of the Navy Secretary of the Navy Assistant for Administration awarded this Master IDIQ on May 8, 2018 to support the Financial Improvement and Audit Readiness (FIAR) Program, assisting Navy financial and functional communities in achieving audit readiness goals; ordering closed on May 6, 2023.

The vehicle is fully closed to new task orders. The last delivery order issued was November 23, 2021, more than four years ago. Of the 1.2 billion dollars in combined potential value across 45 task orders, 1.02 billion dollars (85 percent) is already obligated. Early ordering momentum was substantial—18 orders in the first year, then 7 annually in 2019 before climbing to 10 orders per year in 2020 and 2021—but the vehicle has received no new awards since late 2021.

Work awarded under the vehicle spans financial audit support, audit remediation, audit response services, labor-intensive financial operations work, accounting policy services, financial reporting, OMB A-123 governance and IT controls support, and audit liaison functions. Delivery orders mix firm fixed price, time-and-materials, and cost-plus-fixed-fee arrangements. Representative recent orders include a 61.9 million dollar time-and-materials labor contract, a 130.9 million dollar firm fixed price USMC FIAR services order, and a 113.2 million dollar cost-plus-fixed-fee financial management operations labor contract.

Competition is concentrated among four large consulting firms. Deloitte Consulting LLP holds 24 orders worth 581.6 million dollars combined potential value, and KPMG LLP holds 13 orders worth 540.2 million dollars—together capturing roughly 96 percent of the vehicle's value. Booz Allen Hamilton Inc. holds 7 orders valued at 58 million dollars, and Accenture Federal Services LLC holds 1 order at 23.4 million dollars.

Funding is heavily skewed toward Navy headquarters and the Marine Corps. The Department of the Navy Secretary of the Navy Assistant for Administration placed 26 orders worth 732.1 million dollars (61 percent of total vehicle value), and the United States Marine Corps placed 13 orders worth 415 million dollars (35 percent). All 45 task orders are unrestricted; no set-asides were used.

The NAVSUP Fleet Logistics Center Norfolk, Philadelphia Office has awarded a Master IDIQ in support of the Financial Improvement and Audit Readiness (FIAR) Program. Contractor support is required to assist the Department of the Navy (DON) financial and functional communities in accomplishing the required tasks necessary to achieve and maintain the FAIR goals and objectives.