Intent to Award Notice

The Bureau of Engraving and Printing (BEP) awarded a contract to TFC Consulting, Inc., a Small Business Administration 8(a) program participant, to provide testing and support services related to OMB Circular A-123. This circular outlines federal management responsibilities for internal controls, reinforcing financial integrity and reliability in compliance with the Federal Managers' Financial Integrity Act of 1982 and incorporating updated provisions inspired by the Sarbanes-Oxley Act of 2002. The contract, valued at $1,093,099.70, was awarded on April 8, 2014, and supports BEP's ongoing commitment to maintaining strong internal financial controls, as evidenced by its 28 consecutive years of receiving unqualified audit opinions from independent Certified Public Accounting firms. The scope of work focuses on ensuring the effectiveness of internal controls and the accuracy of financial data used for managerial decision-making within the BEP. The contract falls under the NAICS code 541211, which pertains to offices of certified public accountants and accounting services, and the work will be performed in Washington, DC. Points of contact for the contract include Contracting Officers Michael Bolden and Richard Taylor, who oversee the procurement. This sole source award demonstrates a strategic partnership with a qualified small business to support critical internal control assessments aligned with federal regulations.