VA awards $18.18M for Accounting Services to Sikich CPA LLC under full and open competition
Contract Overview
Contract Amount: $18,175,658 ($18.2M)
Contractor: Sikich CPA LLC
Awarding Agency: Department of Veterans Affairs
Start Date: 2020-01-01
End Date: 2023-12-31
Contract Duration: 1,460 days
Daily Burn Rate: $12.4K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 2
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: ACCOUNTING
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20420
Plain-Language Summary
Department of Veterans Affairs obligated $18.2 million to SIKICH CPA LLC for work described as: ACCOUNTING Key points: 1. Spending of $18.18M over 4 years on accounting services. 2. Competition was full and open, suggesting market availability. 3. Risk appears moderate given the service type and competition. 4. Sector is professional services, specifically accounting.
Value Assessment
Rating: good
The contract value of $18.18M over four years for accounting services appears reasonable. Benchmarking against similar large-scale accounting contracts would provide further validation.
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 fair market value.
Taxpayer Impact: The use of full and open competition is a positive indicator for taxpayer value, as it encourages a competitive bidding process that can lead to cost savings.
Public Impact
Ensures the Department of Veterans Affairs maintains accurate financial records. Supports the agency's mission by providing essential accounting expertise. The contract duration of four years provides stability for service delivery.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for cost creep if scope expands beyond initial estimates.
- Reliance on a single vendor for critical accounting functions.
Positive Signals
- Awarded through full and open competition.
- Firm Fixed Price contract type helps control costs.
- Long-term contract provides service continuity.
Sector Analysis
This contract falls within the professional services sector, specifically accounting. Government spending on accounting services is crucial for financial management and compliance across all agencies. Benchmarks for similar contracts vary widely based on scope and duration.
Small Business Impact
The data does not indicate any specific set-asides for small businesses. The award to Sikich CPA LLC suggests a larger firm was selected, potentially limiting opportunities for small businesses in this specific contract.
Oversight & Accountability
The contract was awarded by the Department of Veterans Affairs, which has established oversight mechanisms for its procurements. The firm fixed price structure provides a degree of cost control, and the duration allows for performance monitoring.
Related Government Programs
- Other Accounting Services
- Department of Veterans Affairs Contracting
- Department of Veterans Affairs Programs
Risk Flags
- Potential for vendor lock-in if performance is satisfactory.
- Scope creep could lead to cost overruns.
- Dependence on a single contractor for critical financial functions.
- Lack of specific performance metrics in the provided data.
Tags
other-accounting-services, department-of-veterans-affairs, dc, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Veterans Affairs awarded $18.2 million to SIKICH CPA LLC. ACCOUNTING
Who is the contractor on this award?
The obligated recipient is SIKICH CPA LLC.
Which agency awarded this contract?
Awarding agency: Department of Veterans Affairs (Department of Veterans Affairs).
What is the total obligated amount?
The obligated amount is $18.2 million.
What is the period of performance?
Start: 2020-01-01. End: 2023-12-31.
What is the specific scope of accounting services required under this contract?
The provided data indicates the contract is for 'Other Accounting Services' (NAICS 541219) and has a value of $18.18M over four years. However, the precise details of the services, such as auditing, tax preparation, financial consulting, or bookkeeping, are not specified. Understanding the exact scope is crucial for a comprehensive value assessment.
How does Sikich CPA LLC's pricing compare to industry benchmarks for similar government accounting contracts?
While the contract was awarded under full and open competition, a direct comparison of Sikich CPA LLC's pricing against industry benchmarks for similar government accounting services is not possible with the given data. Further analysis would require access to detailed pricing structures and market data for comparable contracts.
What mechanisms are in place to ensure the effectiveness and quality of the accounting services provided?
The Department of Veterans Affairs likely has performance metrics and quality assurance processes in place to monitor the effectiveness of the accounting services. As a firm fixed-price contract, there is an incentive for the contractor to deliver quality services efficiently. However, specific oversight details are not provided in the data.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Accounting, Tax Preparation, Bookkeeping, and Payroll Services › Other Accounting Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › MANAGEMENT SUPPORT SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Offers Received: 2
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 333 JOHN CARLYLE ST STE 500, ALEXANDRIA, VA, 22314
Business Categories: Category Business, Limited Liability Corporation, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $36,516,733
Exercised Options: $36,516,733
Current Obligation: $18,175,658
Actual Outlays: $6,719,449
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: GS00F279DA
IDV Type: FSS
Timeline
Start Date: 2020-01-01
Current End Date: 2023-12-31
Potential End Date: 2024-12-31 00:00:00
Last Modified: 2025-09-03
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