GSA awards $109M contract to Kearney & Company for PRISM DEAMS FMO support

Contract Overview

Contract Amount: $108,962,762 ($109.0M)

Contractor: Kearney & Company, P.C.

Awarding Agency: General Services Administration

Start Date: 2024-12-01

End Date: 2026-11-30

Contract Duration: 729 days

Daily Burn Rate: $149.5K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 4

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: PRISM DEAMS FMO SUPPORT TASK ORDER

Place of Performance

Location: JB ANDREWS, PRINCE GEORGES County, MARYLAND, 20762

State: Maryland Government Spending

Plain-Language Summary

General Services Administration obligated $109.0 million to KEARNEY & COMPANY, P.C. for work described as: PRISM DEAMS FMO SUPPORT TASK ORDER Key points: 1. Contract value of $109M for 2 years suggests significant scope of services. 2. Competition dynamics indicate a full and open process, potentially driving competitive pricing. 3. Risk indicators are moderate, given the firm-fixed-price structure which shifts some risk to the contractor. 4. Performance context is administrative management and general management consulting, a common service area for federal agencies. 5. Sector positioning is within professional services, supporting financial management operations. 6. The contract is a delivery order under a larger IDIQ, suggesting it's part of an established procurement vehicle.

Value Assessment

Rating: good

The contract value of approximately $109 million over two years for administrative management and general management consulting services appears reasonable for the scope. Benchmarking against similar large-scale consulting contracts within the federal government for financial management support suggests this pricing is within expected ranges. The firm-fixed-price contract type also indicates a degree of price certainty for the government, although the specific value of services rendered will be determined by the contractor's efficiency.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

This contract was awarded under full and open competition, indicating that all responsible sources were permitted to submit offers. The presence of 4 bidders suggests a healthy level of competition for this significant contract. A competitive bidding process generally leads to better price discovery and encourages contractors to offer their best value propositions to secure the award.

Taxpayer Impact: Full and open competition is beneficial for taxpayers as it typically results in more competitive pricing and a wider range of innovative solutions being considered, ultimately leading to better value for government spending.

Public Impact

The primary beneficiaries are the agencies utilizing the PRISM DEAMS system, which will receive enhanced financial management and administrative support. Services delivered include critical administrative management and general management consulting, likely focusing on improving the efficiency and effectiveness of financial operations. The geographic impact is primarily federal, supporting national-level financial management functions. Workforce implications may include the creation of consulting roles and the utilization of specialized financial and administrative expertise.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential for scope creep if not managed tightly due to the broad nature of consulting services.
Reliance on contractor expertise could lead to knowledge transfer challenges if not proactively addressed.
Ensuring consistent quality of service delivery across the contract duration requires robust performance monitoring.

Positive Signals

Firm-fixed-price contract structure incentivizes contractor efficiency and cost control.
Full and open competition suggests a robust market response and potential for competitive pricing.
The contract is a delivery order under an IDIQ, implying a pre-vetted contractor pool and established procurement process.

Sector Analysis

The federal professional services sector is a significant area of government spending, encompassing a wide range of consulting, administrative, and management support. This contract falls within the administrative management and general management consulting services NAICS code (541611). The market for these services is large and competitive, with numerous firms vying for federal contracts. This specific award contributes to the overall spending in financial management and administrative support, a critical function across many federal agencies.

Small Business Impact

The data indicates that small business participation is not a primary focus for this specific contract, as the 'ss' (small business set-aside) field is false and 'sb' (small business) is also false. While this contract itself may not be set aside for small businesses, the prime contractor, Kearney & Company, P.C., may still engage small businesses as subcontractors. Analysis of subcontracting plans would be necessary to determine the extent of small business involvement and its impact on the broader small business ecosystem.

Oversight & Accountability

Oversight for this contract will likely be managed by the General Services Administration (GSA) through its Federal Acquisition Service. Performance monitoring, contract compliance, and invoice review are standard oversight mechanisms. The firm-fixed-price nature of the contract shifts some financial risk to the contractor, but the government retains responsibility for ensuring deliverables meet requirements. Transparency is generally maintained through contract award databases and reporting requirements.

Related Government Programs

PRISM DEAMS
Financial Management Systems Support
Administrative Management Consulting
General Management Consulting Services
GSA Federal Acquisition Service Contracts

Risk Flags

Potential for scope creep
Data security and integrity risks
System integration challenges
Knowledge transfer dependency
Ensuring tangible operational improvements

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $109.0 million to KEARNEY & COMPANY, P.C.. PRISM DEAMS FMO SUPPORT TASK ORDER

Who is the contractor on this award?

The obligated recipient is KEARNEY & COMPANY, P.C..

Which agency awarded this contract?

Awarding agency: General Services Administration (Federal Acquisition Service).

What is the total obligated amount?

The obligated amount is $109.0 million.

What is the period of performance?

Start: 2024-12-01. End: 2026-11-30.

What is the historical spending pattern for PRISM DEAMS FMO support or similar services by the General Services Administration?

Analyzing historical spending for PRISM DEAMS FMO support or comparable services by the GSA requires access to detailed federal procurement data. Typically, agencies like GSA award numerous contracts for administrative and financial management consulting services annually. The total spending in this category can fluctuate based on agency needs, system modernization efforts, and budget allocations. For instance, if PRISM DEAMS is a critical financial system, GSA might have awarded multiple task orders or contracts over the years to ensure its continuous operation and improvement. Benchmarking this $109 million, two-year award against previous expenditures on similar services would reveal whether this represents an increase, decrease, or stable level of investment in this area. Without specific historical data for this exact service or system, a general trend of consistent federal investment in financial management and administrative support consulting can be inferred.

How does Kearney & Company, P.C.'s track record with federal contracts compare to this award's scope and value?

Kearney & Company, P.C. has a significant track record of performing federal contracts, particularly in financial management, audit, and consulting services. Their past performance often includes work with agencies like the Department of Defense, GSA, and others requiring complex financial operations support. This $109 million award for PRISM DEAMS FMO support aligns with their established capabilities in managing large-scale, firm-fixed-price contracts. A review of their contract history would likely show numerous awards of similar or even larger magnitudes, indicating a capacity to handle this scope. Their experience in financial systems and administrative management suggests they are well-positioned to execute this task order successfully. Assessing their past performance metrics, such as on-time delivery, quality of service, and adherence to budget, would provide further context on their reliability for this specific contract.

What are the key performance indicators (KPIs) likely to be used to measure the success of this contract?

For a contract focused on administrative management and general management consulting for financial operations like PRISM DEAMS FMO support, key performance indicators (KPIs) would likely revolve around efficiency, accuracy, timeliness, and user satisfaction. Specific KPIs could include metrics related to the reduction of processing times for financial transactions, the accuracy rate of financial reporting, the successful implementation of system enhancements or process improvements, and adherence to project timelines and milestones. User feedback from the agencies utilizing the PRISM DEAMS system would also be crucial. Given the firm-fixed-price nature, KPIs might also indirectly relate to the contractor's ability to deliver the required services within the agreed-upon cost structure without compromising quality. Robust performance management by GSA would involve regular reviews against these defined KPIs.

Are there any specific risks associated with providing administrative management and general management consulting services for a financial system like PRISM DEAMS?

Providing administrative management and general management consulting for a financial system like PRISM DEAMS carries several specific risks. One primary risk is the potential for scope creep, where the requirements may expand beyond the initial agreement due to evolving needs or unforeseen complexities within the financial system. Another risk involves data security and integrity; consultants often require access to sensitive financial data, making breaches or mishandling a significant concern. System integration challenges can also arise if the consulting services involve interfacing with other government systems. Furthermore, there's a risk of inadequate knowledge transfer from the contractor to government personnel, potentially creating long-term dependency. Finally, ensuring that the consulting recommendations lead to tangible improvements in financial operations and compliance, rather than just theoretical solutions, is a critical performance risk.

How does the $109 million contract value compare to the overall federal spending on management and consulting services?

The $109 million contract value for PRISM DEAMS FMO support, awarded over two years, represents a significant but not exceptionally large portion of the overall federal spending on management and consulting services. The U.S. federal government expends tens of billions of dollars annually on various forms of consulting, advisory, and administrative support services across all agencies. This specific contract falls under the NAICS code 541611 (Administrative Management and General Management Consulting Services), a category that consistently sees substantial investment. While $109 million is a considerable sum for a single contract, it is one of many such awards. To contextualize, it's essential to compare it to the total budget allocated by GSA or specific agencies for similar functions, as well as the broader federal procurement landscape for professional services, which is vast.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Administrative Management and General Management Consulting Services

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: 47QFHA24R0019

Offers Received: 4

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Parent Company: E.F. Kearney, Limited

Address: 1701 DUKE ST STE 500, ALEXANDRIA, VA, 22314

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $344,017,143

Exercised Options: $115,466,165

Current Obligation: $108,962,762

Subaward Activity

Number of Subawards: 52

Total Subaward Amount: $98,044,513

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 47QFHA24D0008

IDV Type: IDC

Timeline