Holmes & Company, L.L.C.

Holmes & Company, L.L.C. (doing business as Holmes CPAs), a minority-owned, 8(a)-certified small disadvantaged business based in Cherry Hill, New Jersey, operates as a 100% prime contractor delivering financial management oversight, compliance monitoring, and technical assistance services to federal transit agencies and civilian departments. The firm competes predominantly full-and-open, without set-aside designations on individual task orders, despite its 8(a) Program Participant status and DOT Disadvantaged Business Enterprise certification.

Holmes & Company's customer base is heavily concentrated with the Federal Transit Administration, which accounts for 36 awards (87% of recent awards by count and $40.9 million of the $42.7 million combined potential value across all 41 prime awards). The vendor also holds minor relationships with the Department of Agriculture's Office of the Chief Financial Officer (two awards, $659 thousand), GSA Federal Acquisition Service ($1 million on one award), GSA Office of the Chief Information Officer ($171 thousand), and HUD's Public and Indian Housing Office ($2 thousand). This concentration reflects Holmes & Company's core specialization in federal financial oversight and audit services, delivered almost exclusively through FTA-funded transit agency engagements.

Holmes & Company's work centers on financial management system reviews, indirect cost rate proposal examinations, cost allocation plan reviews, and technical assistance workshops for transit agencies nationwide. Recent representative delivery orders include a $291,296.40 FMO non-review task (September 2026) covering financial oversight reviews and indirect cost rate proposal examinations across CLINs; a $625,416 regional support order (September 2024) providing training and expertise for FMO Regions 4, 6, and 8; a $448,700 SOC 1 Type 2 examination of USDA's financial management systems (March 2024, GSA Schedule); and a $367,512.50 full-scope review of the South Carolina Department of Transportation (June 2024). All work is structured on labor-hour pricing with performance primarily at FTA's Washington, DC headquarters or at subordinate transit agency and regional offices nationwide.

Holmes & Company holds two primary parent vehicles: a $9.64 million single-award Indefinite Delivery Contract with FTA (awarded May 2022, running through May 2027) from which 30 task orders totaling $6.5 million in combined potential value have been issued, and a $20.67 million multiple-award Blanket Purchase Agreement for the Comprehensive Oversight Review and Technical Assistance Program (CORTAP) under the GSA Multiple Award Schedule (awarded January 2025, running through January 2030). The CORTAP BPA carries a Total Small Business set-aside designation and has already generated multiple task order calls, including a $1.5 million FY2026 oversight reviews call and a $554,866.67 Tribal Technical Assistance Assessments Program call. Task orders under both vehicles are issued on a competitive basis within the contract ceilings.

Activity has been steady but modest, ranging from four awards in 2022 to ten in 2025, with eight awards in 2026 year-to-date. Over the next twenty-four months, thirteen awards carrying combined potential value of $6.2 million reach ultimate completion dates and enter recompete window. The vendor's FTA IDV base period ends May 2026 (with extension through May 2027), creating a material recompete cliff for that vehicle's renewal or replacement.

On SCI-reportable federal service contracts (a partial view capturing only contracts above $150,000 and excluding goods and classified work), Holmes & Company invoiced $1 million across FY2022–FY2025, delivering approximately 1.3 to 1.8 FTEs per fiscal year from FY2024 forward. Median government-paid hourly rates on SCI prime contracts ran around $147/hr, with senior labor pricing reaching $163/hr (90th percentile) and entry-level rates near $114/hr (10th percentile). Across SCI-reportable prime contracts, the vendor performed 100% of work in-house with no subcontractor engagement, reflecting a fully self-contained service delivery model. The SCI dataset represents a narrow slice of Holmes & Company's federal activity — it omits goods, micro-purchases, and any federal work on contracts below $150,000 — and should not be treated as a company revenue or workforce benchmark.

Our services are provided to Federal, State Authorities, Housing Authorities, Transit Agencies and Utility companies. We perform audits, oversight and consulting engagements for federal, state, and local government agencies. Some of the agencies are as follows: Federal Transit Administration; Philadelphia Controller's Office; Delaware River Port Authority; Port Authority of NY/NJ, RTA of New Orleans and the Philadelphia Water Department.

OUR SERVICES INCLUDE

Audits of Financial Statements

Forensic and Investigative audits

SSAE No. 16/SOC 1 Audits

Financial, Performance and Compliance Audits

Program Specific and Grant Close-out Audits

Agreed Upon Procedure Engagements

Financial Projections and Forecasts

Low Income Housing Cost Certification Audits

Preparation and Review of Indirect Cost Allocation Plans

Indirect Cost Rate audits in accordance with the Uniform Guidance and Part 31 of the FARs.