Financial Management Oversight Program (FMO)

The Federal Transit Administration awarded a Master IDIQ on February 23, 2016, for Financial Management Oversight Reviews (FMO) but the vehicle's ordering period closed on February 28, 2021. The vehicle is no longer accepting new task orders; the last delivery order was issued on May 10, 2022, more than four years ago.

All 168 task orders under the vehicle fund FTA programs exclusively. Over ten years of activity, the vehicle obligated $23.6 million against a combined potential value of $88.6 million (27% utilization). Ordering momentum declined sharply after the vehicle's order-period cutoff—annual task orders fell from 31 in 2018 to 12 in 2022, and no orders have been placed since May 2022.

The vehicle supports recurring financial management audits and indirect cost rate reviews of FTA transit grantees nationwide. Recent task orders focused heavily on Coronavirus aid reviews (ECHO Financial Reviews of COVID-19 funds) through 2022, as well as cost allocation plan and indirect cost rate proposal reviews for individual transit authorities. Work spans full-scope reviews, technical assistance, training, workshops, and manual updates.

Two firms dominate by potential value: Hamilton Samlin Milligan, LLC holds 43 orders worth $40.5 million combined potential, and TFC Consulting Inc. holds 36 orders worth $35.2 million combined potential. These two primes account for roughly 86% of the vehicle's total potential value. Tuba Group, Inc. (45 orders, $6.3 million), RMW Associates, LLC (39 orders, $5.9 million), and Jones And Company Professional Corporation (5 orders, $634 thousand) comprise the remainder. Competition is highly concentrated—no new entrants have joined since vehicle award.

The vehicle is almost entirely unrestricted: 161 of 168 task orders (96%) carry no set-aside, with only five orders designated for small business (two 8(a) sole-source, three competitive 8(a)). Task orders are priced as labor-hour contracts with individual order ceilings typically ranging from roughly $25 thousand to $550 thousand, though a notable CAP review for New York City and Newark reached $416 thousand.

Because the ordering period closed in 2021 and no task orders have been issued since May 2022, this vehicle is closed to new business development and carries minimal forward opportunity.

The Federal Transit Administration (FTA) has awarded a Master IDIQ for recurring Financial Management Oversight Reviews (FMO); an FTA area of program oversight. The objective of the FMO program is to ensure that grantees have sound financial management systems and adequate internal controls to manage the Federal funds. This effort facilitates FTA compliance with Congressional direction to conduct independent financial assessments.