Air Force Awards $21.5M Contract to Guidehouse LLP for Audit Readiness Strategy
Contract Overview
Contract Amount: $21,561,041 ($21.6M)
Contractor: Guidehouse LLP
Awarding Agency: Department of Defense
Start Date: 2015-05-01
End Date: 2018-08-26
Contract Duration: 1,213 days
Daily Burn Rate: $17.8K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: IGF::OT::IGF THE CONTRACTOR SHALL DEVELOP A WAVE 4 AUDIT READINESS STRATEGY.
Place of Performance
Location: SCOTT AFB, SAINT CLAIR County, ILLINOIS, 62225
State: Illinois Government Spending
Plain-Language Summary
Department of Defense obligated $21.6 million to GUIDEHOUSE LLP for work described as: IGF::OT::IGF THE CONTRACTOR SHALL DEVELOP A WAVE 4 AUDIT READINESS STRATEGY. Key points: 1. Contract awarded to Guidehouse LLP for audit readiness strategy development. 2. Significant value of $21.5 million indicates a complex and critical undertaking. 3. Full and open competition suggests a potentially competitive bidding process. 4. The contract falls under the Offices of Certified Public Accountants NAICS code.
Value Assessment
Rating: good
The contract value of $21.5 million for audit readiness strategy development appears reasonable given the scope. Benchmarking against similar large-scale consulting engagements for federal agencies would provide further context on pricing.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating that multiple vendors had the opportunity to bid. This method generally promotes competitive pricing and ensures the government receives the best value.
Taxpayer Impact: The $21.5 million expenditure aims to improve audit readiness, which could lead to long-term cost savings and increased accountability for taxpayer funds.
Public Impact
Enhances financial accountability within the Department of the Air Force. Aims to streamline audit processes and reduce financial discrepancies. Potential for improved government financial reporting and transparency.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for scope creep in strategy development.
- Ensuring effective implementation of the developed strategy.
- Measuring the long-term impact of the audit readiness strategy.
Positive Signals
- Clear objective of improving audit readiness.
- Awarded through full and open competition.
- Experienced contractor in Guidehouse LLP.
Sector Analysis
This contract falls within the professional services sector, specifically accounting and auditing support. Federal spending in this area is crucial for maintaining financial integrity and compliance across agencies.
Small Business Impact
The data does not indicate any specific provisions or set-asides for small businesses in this contract award. Further analysis would be needed to determine the extent of small business participation.
Oversight & Accountability
The contract's duration and value suggest a need for robust oversight to ensure deliverables meet objectives and taxpayer funds are used efficiently. Regular performance reviews and milestone tracking are essential.
Related Government Programs
- Offices of Certified Public Accountants
- Department of Defense Contracting
- Department of the Air Force Programs
Risk Flags
- Contract duration is substantial (over 3 years).
- High contract value ($21.5M).
- Focus on a critical function (audit readiness).
- Potential for follow-on work or broader implementation.
Tags
offices-of-certified-public-accountants, department-of-defense, il, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $21.6 million to GUIDEHOUSE LLP. IGF::OT::IGF THE CONTRACTOR SHALL DEVELOP A WAVE 4 AUDIT READINESS STRATEGY.
Who is the contractor on this award?
The obligated recipient is GUIDEHOUSE LLP.
Which agency awarded this contract?
Awarding agency: Department of Defense (Department of the Air Force).
What is the total obligated amount?
The obligated amount is $21.6 million.
What is the period of performance?
Start: 2015-05-01. End: 2018-08-26.
What specific metrics will be used to measure the success of the audit readiness strategy developed under this contract?
Success metrics should focus on quantifiable improvements in audit findings, reduction in audit preparation time, increased accuracy of financial data, and successful completion of audits within established timelines. The strategy should also outline how these metrics will be tracked and reported to ensure accountability and demonstrate value to the Air Force and taxpayers.
What are the primary risks associated with the implementation of a new audit readiness strategy, and how are they being mitigated?
Key risks include resistance to change from personnel, inadequate training, insufficient resources, and potential gaps in the strategy itself. Mitigation strategies should involve comprehensive change management plans, robust training programs, dedicated resource allocation, and continuous feedback loops to refine the strategy based on real-world application and evolving requirements.
How does this contract contribute to the overall effectiveness of the Department of the Air Force's financial management and accountability?
By developing a comprehensive audit readiness strategy, this contract directly addresses a critical component of financial management. It aims to improve the accuracy and reliability of financial reporting, reduce the risk of audit failures, and enhance overall accountability. This, in turn, supports better decision-making and more efficient use of allocated funds.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Accounting, Tax Preparation, Bookkeeping, and Payroll Services › Offices of Certified Public Accountants
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › MANAGEMENT SUPPORT SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Solicitation ID: FA489012R0006
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Parent Company: Pricewaterhousecoopers Public Sector LLP (UEI: 791716954)
Address: 1800 TYSONS BLVD 6TH FL, MCLEAN, VA, 22102
Business Categories: Category Business, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $21,561,041
Exercised Options: $21,561,041
Current Obligation: $21,561,041
Contract Characteristics
Commercial Item: COMMERCIAL ITEM
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: FA489012D0031
IDV Type: IDC
Timeline
Start Date: 2015-05-01
Current End Date: 2018-08-26
Potential End Date: 2018-08-26 00:00:00
Last Modified: 2019-10-21
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