This Government Contract opportunity from Department Of Education was posted on February 2, 2010. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

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(Recovery Act) Financial Advisory Services

Awarded

EDCFO10000004Federal

Submission Closed01/29/2010, 12:00:00 PM UTC

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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NAICS: 541618

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POSTED

2 days ago

DEADLINE

in 28 days

General Info

Agency

Department Of Education → Contracts And Acquistions Managemen

NAICS

541618 - Other Management Consulting Services

Place of Performance

U.S. Department of Education, Washington, MD, 20202, USA

Set-Aside

NONE

Documents

No documents available

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Timeline

PhaseAwarded

PostedJan 27

special-notice

AwardedOct 22

Contract was awarded

Submission Closed

01/29/2010, 12:00:00 PM UTC

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Organization & Contact Information

AgencyDepartment Of Education → Contracts And Acquistions Managemen

Contacts2 people available

OfficeWASHINGTON, DC, 20202, USA

Organization / AgencyDepartment Of Education → Contracts And Acquistions Managemen

Office AddressWASHINGTON, DC, 20202, USA

Contacts

DeShonjla Peterson

contact@example.gov

+1 (555) 000-0000

Linda K. RileyContracting Officer

contact@example.gov

+1 (555) 000-0000

Full Description

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. 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.