Financial Management Oversight Program (FMO)

Award Date 2/23/2016
Last Date To Order 2/28/2021
Shared Ceiling Not listed
Contract Type
Master IDIQ
Predecessor
Not listed
Successors

The Financial Management Oversight (FMO) Program is an Indefinite Delivery/Indefinite Quantity (IDIQ) contract vehicle awarded by the Federal Transit Administration (FTA) to provide comprehensive financial management and oversight services. The primary objective of this contract is to ensure that FTA grantees maintain sound financial management systems and adequate internal controls for managing federal funds. The vehicle facilitates independent financial assessments of transit agencies, supporting Congressional directives for robust financial oversight of federal transit grant recipients.

The contract vehicle has been predominantly used to issue task orders for financial reviews, cost allocation plan assessments, indirect cost rate proposal evaluations, and technical assistance services. Typical task orders range from $50,000 to $550,000, with performance periods generally spanning 6-18 months. Four prime contractors have been consistently awarded task orders: Tuba Group, Inc., Hamilton Samlin Milligan, LLC, TFC Consulting Inc., and RMW Associates, LLC - all of which are minority-owned or small disadvantaged businesses. The task orders frequently involve reviews of state and local transit authorities, such as metropolitan transit districts, regional transportation authorities, and city transportation departments. Most task orders do not utilize specific set-aside designations, and work is predominantly performed in Washington, DC, with occasional on-site reviews in various locations across the United States.

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