Watkins Government Services LLC

Watkins Government Services LLC, a women-owned small business subsidiary of CohnReznick LLP headquartered in North Potomac, Maryland, delivers audit support, internal controls remediation, financial management, and compliance services to civilian federal agencies as a prime contractor (91% of recent awards) and occasional subcontractor. The vendor competes predominantly full-and-open on the GSA Multiple Award Schedule and holds set-aside positions on woman-owned small business IDIQs; across its award footprint, woman-owned small business set-asides appear on roughly 40% of named contracts, with the remainder issued without set-aside or under Total Small Business carve-outs.

Watkins' customer concentration is heavily skewed toward transportation and financial-compliance agencies. The top five customers by award count — Pipeline and Hazardous Materials Safety Administration (8 awards, $3.1 million potential), Federal Transit Administration (7 awards, $3.2 million), Federal Emergency Management Agency (5 awards, $123.1 million), Federal Highway Administration (4 awards, $18.8 million), and the Office of Audit Assessment and Management (3 awards, $5.8 million) — account for 63% of recent awards. However, the dollar rankings diverge sharply: FEMA anchors $123.1 million in potential value despite only five awards, while the Federal Aviation Administration's single award carries $1 billion in potential value, suggesting a major multi-year procurement vehicle. The Small Business Administration's Office of Performance Management and the Chief Financial Officer holds $61 million potential across two awards (both BPAs), and GSA Federal Acquisition Service another $17 million. This concentration underscores Watkins' positioning as a specialist in federal financial and audit remediation work rather than a broad-based services vendor.

Watkins holds three major parent vehicles. The GSA Multiple Award Schedule carries 35 task orders worth $247.2 million combined potential value — the bulk of Watkins' transacting mechanism across civilian agencies. The Professional Services Schedule holds 11 task orders for $3.9 million. Beyond GSA, Watkins secured a $30.5 million single-award BPA with the SBA Office of Performance Management and the Chief Financial Officer (awarded September 2025, running through September 2028) for CFO financial support services including improper payment support, knowledge transfer, internal controls remediation, and audit services. The vendor also holds a $100 million single-award FEMA BPA for IT general controls and financial audit remediation (awarded September 2023, exercised through September 2025). Most significantly, Watkins was awarded a position on the OASIS+ Women-Owned Small Business IDIQ in June 2025, a multi-agency vehicle with a placeholder ceiling, positioning it to pursue professional services across federal civilian buyers through that set-aside channel.

Representative recent work includes a $19.6 million FEMA BPA call (September 2023 through September 2028) for remediation support of internal controls and audit findings in FEMA's Risk Management and Compliance Division, with FY2024 invoicing of $2.8 million across 9.1 FTEs at a blended rate of $150.94/hr and 54% subcontractor engagement; a $5.139 million Office of Audit Assessment and Management delivery order (April 2024 through April 2029) for audit services, with FY2024 invoicing of $330 thousand and FY2025 invoicing of $878 thousand, self-performed with no subs; a $1.996 million FEMA delivery order (September 2026) for remediation of internal controls and audit findings on the Multiple Award Schedule; and a $1.59 million National Labor Relations Board delivery order (September 2026) under Total Small Business set-aside for internal control support services.

Service Contract Inventory data shows SCI-reportable invoicing of $15.1 million across four fiscal years (FY2022–FY2025), with growth from $1.8 million in FY2022 to $6.5 million in FY2025. The FTE trajectory on SCI-reportable contracts climbed from 10.0 FTEs in FY2022 to 13.8 FTEs in FY2025, reflecting scaling of delivery capacity. Government-paid hourly rates on prime contracts ranged from a 10th percentile of $98.87/hr to a median of $123.83/hr and 90th percentile of $197.19/hr, positioning Watkins in the mid-market of professional services pricing. Across SCI-reportable prime contracts, subcontractors performed an average of 42% of contractor hours, with 18 named subcontractors engaged across the portfolio, indicating a hybrid delivery model in which Watkins self-performs core audit and financial-management work while bringing in specialized labor for discrete tasks.

Watkins subcontracts to larger primes on an opportunistic basis. Named recent subcontract engagements include work under Deloitte & Touche LLP on OMB A-123 internal control support (September 2025) and two multi-year positions under BAE Systems Technology Solutions & Services Inc. on Pension Benefit Guaranty Corporation (PBGC) operations support, with task orders exercised as recently as April 2024. GSA Schedule labor rates span $80.03/hr for administrative support roles through $322.50/hr for EDP partner-level positions, with mid-spectrum senior consultant and project-management categories priced in the $143–$254/hr range, none requiring security clearance.

Recompete exposure in the next twenty-four months is limited: two awards totaling $21.6 million in potential value reach ultimate completion by September 2026, primarily closeout and knowledge-transfer contracts with limited renewal probability. The vendor's activity trajectory shows moderate volatility — 2 awards in 2022, 7 in 2023, 6 in 2024, 6 in 2025, and 2 in 2026 (as of late September) — consistent with a mature vendor in a slow-growth posture, though the recently awarded $30.5 million SBA BPA and OASIS+ WOSB IDIQ position suggest pipeline expansion for FY2026 and beyond. Watkins' parent company, CohnReznick LLP, is a national professional services and audit firm, providing both corporate backing and a pipeline of technical expertise for federal engagements.

Watkins Government Services LLC is a woman owned small business CPA and consulting firm in the metropolitan Washington, DC area. We provide financial and grants management and audit remediation services to federal, state and local government agencies. Our professionals have an average of 15 years of experience with credentials such as: CPA, CIA and PMP. Ours services include financial management, internal controls, grants management, data analytics, and business process re-engineering.

Watkins consistently demonstrates sound management capabilities and has established a track record of timely and efficient completion of engagements. Our objective in all engagements is to respond to our clients' needs, meet project deadlines, and solve problems to enable our clients to achieve success. We work with clients to improve their efficiency and effectiveness and leverage automated tools to improve workflow.