EOP Spends $9.76M on KPMG Accounting Services via BPA Call, Full and Open Competition
Contract Overview
Contract Amount: $9,760,316 ($9.8M)
Contractor: Kpmg LLP
Awarding Agency: Executive Office of the President
Start Date: 2023-09-29
End Date: 2026-01-31
Contract Duration: 855 days
Daily Burn Rate: $11.4K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: PROFESSIONAL SERVICES
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20503
Plain-Language Summary
Executive Office of the President obligated $9.8 million to KPMG LLP for work described as: PROFESSIONAL SERVICES Key points: 1. Significant contract value of $9.76 million for accounting services. 2. KPMG LLP is the sole awardee under this BPA Call. 3. Contract awarded through full and open competition. 4. Services are for the Executive Office of the President, indicating high-level support.
Value Assessment
Rating: good
The contract value of $9.76 million for accounting services appears reasonable given the duration and the nature of support for the Executive Office of the President. Benchmarking against similar high-level government accounting contracts would provide further context.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, suggesting a robust process for selecting the best value provider. This method generally leads to more competitive pricing and a wider pool of qualified contractors.
Taxpayer Impact: Taxpayer funds are being used for essential accounting services supporting the Executive Office of the President. The competitive award process aims to ensure efficient use of these funds.
Public Impact
Ensures critical accounting functions for the Executive Office of the President are maintained. Supports the financial operations of a key government entity. The use of a BPA Call streamlines the procurement process for these services.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- No small business participation noted.
- Limited transparency on specific deliverables and performance metrics.
Positive Signals
- Awarded via full and open competition.
- Firm Fixed Price contract type controls cost.
- Long-term contract provides stability for essential services.
Sector Analysis
This contract falls under professional services, specifically accounting, for a high-profile government agency. Spending benchmarks for similar professional services contracts within the federal government can vary widely based on scope and agency.
Small Business Impact
The data indicates that small businesses were not involved in this specific award, as the 'sb' field is false. Future solicitations could explore opportunities to include small business participation for accounting services.
Oversight & Accountability
The Executive Office of the President is responsible for overseeing this contract. Standard government oversight mechanisms should be in place to ensure performance and accountability, though specific details are not provided.
Related Government Programs
- Offices of Certified Public Accountants
- Executive Office of the President Contracting
- Executive Office of the President Programs
Risk Flags
- No small business participation.
- Potential for vendor lock-in.
- Limited insight into specific performance metrics.
- High concentration of spending with one firm.
Tags
offices-of-certified-public-accountants, executive-office-of-the-president, dc, bpa-call, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Executive Office of the President awarded $9.8 million to KPMG LLP. PROFESSIONAL SERVICES
Who is the contractor on this award?
The obligated recipient is KPMG LLP.
Which agency awarded this contract?
Awarding agency: Executive Office of the President (Executive Office of the President).
What is the total obligated amount?
The obligated amount is $9.8 million.
What is the period of performance?
Start: 2023-09-29. End: 2026-01-31.
What specific accounting functions will KPMG LLP provide to the Executive Office of the President under this contract?
The contract specifies 'Offices of Certified Public Accountants' (NAICS 541211), indicating a broad range of professional accounting services. This could include financial reporting, auditing support, budget analysis, accounting system management, and advisory services related to fiscal operations. The exact scope would be detailed in the BPA Call's task orders.
What is the potential risk associated with relying on a single contractor, KPMG LLP, for these critical accounting services?
While awarded competitively, reliance on a single contractor like KPMG LLP carries inherent risks. These include potential vendor lock-in, reduced leverage in future negotiations, and vulnerability to service disruptions if KPMG faces internal issues. However, the competitive award process mitigates initial price risk.
How does the firm fixed price contract type ensure cost-effectiveness for the taxpayer in this scenario?
A firm fixed price (FFP) contract establishes a set price for the defined scope of work, shifting the risk of cost overruns to the contractor (KPMG LLP). This provides budget certainty for the Executive Office of the President and ensures taxpayers are not burdened with unexpected increases in service costs, assuming the initial price was competitive.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Accounting, Tax Preparation, Bookkeeping, and Payroll Services › Offices of Certified Public Accountants
Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › IT AND TELECOM - APLLICATIONS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Offers Received: 3
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 8350 BROAD ST STE 900, 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: $10,040,804
Exercised Options: $10,030,804
Current Obligation: $9,760,316
Actual Outlays: $9,760,316
Subaward Activity
Number of Subawards: 4
Total Subaward Amount: $1,477,272
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 11316023A0012EOP
IDV Type: BPA
Timeline
Start Date: 2023-09-29
Current End Date: 2026-01-31
Potential End Date: 2026-01-31 00:00:00
Last Modified: 2026-01-30
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