(RECOVERY) Financial Advisory Services

Awarded Award Notice Posted Aug 25, 2009

Solicitation number: ED-CFO-09-O-0015
Agency: Contracts and Acquisition Management Department of Education
Awarded: Aug 27, 2009 to FMR Consulting Inc.
Set-aside: No set-aside

Opportunity facts

Contract number: EDCFO09O0015 Federal contract award
NAICS code: 541219 Other Accounting Services
PSC: Not on record
Place of performance: U.S. Department of Education, Washington, DC 20202, USA, United States

Notice details come from SAM.gov. Updated Aug 27, 2009.

Notice text

3 versions

As posted on SAM.gov.

Update #3 · Latest · Aug 27, 2009

Added: Aug 27, 2009 5:29 pm

THIS NOTICE IS FOR INFORMATIONAL PURPOSES ONLY. THIS OPPORTUNIYT IS AVAILABLE ONLY TO FMR CONSULTING UNDER DELIVERY ORDER NUMBER ED-CFO-09-O-0015.

The purpose of this modification is to use ARRA funds to incrementally fund the delivery order with FMR Consulting for the above described tasks and reporting associated with the tasks. Currently, on a weekly basis, contractor assistance is needed to prepare the Financial Activity Report, which reports cumulative obligations and outlays or each ARRA appropriation by bureau/award type/place of performance. This report is submitted and posted to Recovery.gov. Assistance is also needed to validate the Funding Notification Report that is prepared weekly and submitted to Revcovery.gov. This report provides detail information regarding ARRA funding that has been made available. ARRA funding leads to increased complexity and additional analysis for the financial statements. ARRA funding also impacts the financial statements and notes by creating a new reporting group and additional disclosure requirements for the notes to the financial statements. It is because of these complexities and the unpredictability of the volume of work as it relates to ARRA funding that these funds cannot be linked to a fixed price task.

The initial delivery order was awarded as a time and materials type because the variables and details needed to develop a performance based statement of work was not and still is not known. The volume of ARRA actions is also an unknown. However, to preclude the future use of time and material type delivery orders for this requirement, the contractor will be given task instructions by the COR. These task instructions will then be compiled and used to better describe the tasks under this requirement. During the life of this delivery order, the contract specialist has asked the program office to collect the required technical information to develop a performance work statement that will allow the contracts office to compete this requirement on a firm fixed price basis in the future.

Update #2 · Aug 26, 2009

Added: Aug 25, 2009 10:14 am Modified: Aug 26, 2009 10:46 amTrack Changes

THIS NOTICE IS PROVIDED FOR INFORMATION PURPOSES ONLY. THIS OPPORTUITY IS AVAILABLE ONLY TO FMR CONSULTING UNDER DELIVERY ORDER NUMBER ED-CFO-09-O-0015.

The Department of Education (the Department) required services for a financial advisor to provide general financial management services. Three main activities the contractor shall perform include 1) the production and analysis of audited financial statements, 2) assistance in the Department's financial management capacity related to credit reform activities, and 3) the performance of crucial account reconciliations. The Department obtained these services through a time and material delivery order awarded to FMR Consulting on January 31, 2009.

The purpose of this modification is to use ARRA funds to incrementally fund the delivery order with FMR Consulting for the above described tasks and reporting associated with the tasks.

Update #1 · Aug 25, 2009

Added: Aug 25, 2009 10:14 am

THIS NOTICE IS PROVIDED FOR INFORMATION PURPOSES ONLY. THIS
OPPORTUITY IS AVAILABLE ONLY TO FMR
CONSULTING UNDER DELIVERY ORDER NUMBER ED-CFO-09-O-0015.

The Department of Education (the
Department) required services for a financial advisor to provide general
financial management services. Three
main activities the contractor shall perform include 1) the production and
analysis of audited financial statements, 2) assistance in the Department’s
financial management capacity related to credit reform activities, and 3) the
performance of crucial account reconciliations. The Department obtained these services through a time and material
delivery order awarded to FMR Consulting on January 31, 2009.

The purpose of this modification
is to use ARRA funds to incrementally fund the delivery order with FMR
Consulting for the above described tasks and reporting associated with the
tasks.

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