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This Government Contract opportunity from Department Of Education was posted on August 27, 2009. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

(RECOVERY) Financial Advisory Services

Awarded
ED-CFO-09-O-0015Federal

Contract Overview

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

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Procurement

POSTED

1 day ago

DEADLINE

in 28 days

AI Contract Overview

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The Department of Education has engaged FMR Consulting under delivery order number ED-CFO-09-O-0015 to provide specialized financial advisory services. This contract involves three primary responsibilities: the production and analysis of audited financial statements, support for the Department’s financial management related to credit reform activities, and carrying out essential account reconciliations. These services are procured through a time and materials delivery order that was initially awarded on January 31, 2009. This specific modification to the contract utilizes funds from the American Recovery and Reinvestment Act (ARRA) to incrementally fund the ongoing financial advisory and reporting tasks outlined in the delivery order. The contract is managed by the Department’s Contracts and Acquisitions Management office based in Washington, DC. The key points of contact include DeShonjla Peterson and Contracting Officer Linda K. Riley, who oversee the administration and execution of the contract. This arrangement ensures the Department receives expert financial management support to enhance oversight and compliance in its fiscal operations.

General Info

FMR Consulting provides financial advisory, credit reform support, and reconciliations for the Department of Education.

Contract Value

$6,870,771.88

NAICS

541219 - Other Accounting Services

Place of Performance

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

Set-Aside

NONE

Award Issued Date

Documents

0

No documents available

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Timeline

1 update
PhaseAwarded
Posted

Presolicitation

Notice updated

The notice description changed.

Awarded

Contract was awarded

Submission Closed

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Organization & Contact Information

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AgencyDepartment Of Education → Contracts And Acquistions Managemen
Contacts2 people available
OfficeWASHINGTON, DC, 20202, USA
Office AddressWASHINGTON, DC, 20202, USA
Contacts
Linda K. RileyContracting Officer

Full Description

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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.

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