AWARD
R -- (Recovery Act) Financial Advisory Services
- Notice Date
- 2/2/2010
- Notice Type
- Award Notice
- NAICS
- 541618
— Other Management Consulting Services
- Contracting Office
- Department of Education, Contracts & Acquisitions Management, Contracts (All ED Components), 550 12th Street, SW, 7th Floor, Washington, District of Columbia, 20202
- ZIP Code
- 20202
- Solicitation Number
- EDCFO10000004
- Archive Date
- 2/13/2010
- Point of Contact
- DeShonjla Peterson, Phone: 202-245-6919, Linda K. Riley, Phone: 202-245-6295
- E-Mail Address
-
deshonjla.peterson@ed.gov, linda.riley@ed.gov
(deshonjla.peterson@ed.gov, linda.riley@ed.gov)
- Small Business Set-Aside
- Total Small Business
- Award Number
- 0005
- Award Date
- 1/29/2010
- Awardee
- FMR Consulting Inc., 7301 Oldham Leeds Way<br />, Springfield, Maryland 22150, United States
- Award Amount
- $200,000
- Line Number
- 006
- 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.
- Web Link
-
FBO.gov Permalink
(https://www.fbo.gov/spg/ED/OCFO/CPO/EDCFO10000004/listing.html)
- Place of Performance
- Address: U.S. Department of Education, Washington, Maryland, 20202, United States
- Zip Code: 20202
- Zip Code: 20202
- Record
- SN02056102-W 20100204/100202235913-907ab6b1d6babee324055b3096ecb441 (fbodaily.com)
- Source
-
FedBizOpps Link to This Notice
(may not be valid after Archive Date)
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