DOT Awards $737,800 for Audit Services to SIKICH CPA LLC Under Full and Open Competition

Contract Overview

Contract Amount: $5,150,488 ($5.2M)

Contractor: Sikich CPA LLC

Awarding Agency: Department of Transportation

Start Date: 2019-03-22

End Date: 2025-11-06

Contract Duration: 2,421 days

Daily Burn Rate: $2.1K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 3

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: AMENDMENT: THE PURPOSE OF THIS AMENDMENT IS TO PROVIDE FUNDING FOR THE BASE PERIOD IN THE AMOUNT OF $737,800.90 TO CLIN 00001&CLIN 00002 AS FOLLOWS: CLIN 00001 $727,800.90 FOR AUDIT SERVICES CLIN 00002 $10,000.00 FOR REIMBURSABLE TRAVEL

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20590

State: District of Columbia Government Spending

Plain-Language Summary

Department of Transportation obligated $5.2 million to SIKICH CPA LLC for work described as: AMENDMENT: THE PURPOSE OF THIS AMENDMENT IS TO PROVIDE FUNDING FOR THE BASE PERIOD IN THE AMOUNT OF $737,800.90 TO CLIN 00001&CLIN 00002 AS FOLLOWS: CLIN 00001 $727,800.90 FOR AUDIT SERVICES CLIN 00002 $10,000.00 FOR REIMBURSABLE TRAVEL Key points: 1. The Department of Transportation is procuring audit services for its Immediate Office. 2. SIKICH CPA LLC was awarded a delivery order for $737,800.90, with a total contract value of $5,150,487.69. 3. The contract covers a period of 2421 days, ending November 6, 2025. 4. This procurement falls under 'Other Accounting Services' (NAICS 541219). 5. The contract was awarded through full and open competition.

Value Assessment

Rating: good

The total contract value of $5,150,487.69 for audit services over approximately 6.6 years suggests a reasonable annual cost. Benchmarking against similar large-scale audit contracts would provide a more precise assessment of value.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The award was made 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: Competitive bidding in this instance likely resulted in a more cost-effective outcome for taxpayers compared to a sole-source or limited competition award.

Public Impact

Ensures financial integrity and accountability within the Department of Transportation. Supports the efficient allocation of taxpayer funds through independent audit reviews. Provides essential accounting services to a major federal agency.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Long contract duration (2421 days) may lead to price escalation or outdated services if not managed effectively.
Potential for scope creep in audit services over an extended period.

Positive Signals

Awarded through full and open competition, suggesting competitive pricing.
Clear definition of services (audit) and accounting codes (NAICS 541219).

Sector Analysis

The procurement of audit services is a common and necessary function across federal agencies to ensure financial compliance and accountability. Spending benchmarks for such services can vary widely based on agency size, complexity, and specific audit requirements.

Small Business Impact

The data does not indicate whether small businesses were involved in this contract, either as prime contractors or subcontractors. Further analysis would be needed to determine the extent of small business participation.

Oversight & Accountability

The award through full and open competition suggests a structured procurement process. Oversight would focus on contract performance, adherence to terms, and timely delivery of audit services.

Related Government Programs

Other Accounting Services
Department of Transportation Contracting
Immediate Office of the Secretary of Transportation Programs

Risk Flags

Long contract duration
Potential for price escalation
Need for ongoing performance monitoring

Frequently Asked Questions

What is this federal contract paying for?

Department of Transportation awarded $5.2 million to SIKICH CPA LLC. AMENDMENT: THE PURPOSE OF THIS AMENDMENT IS TO PROVIDE FUNDING FOR THE BASE PERIOD IN THE AMOUNT OF $737,800.90 TO CLIN 00001&CLIN 00002 AS FOLLOWS: CLIN 00001 $727,800.90 FOR AUDIT SERVICES CLIN 00002 $10,000.00 FOR REIMBURSABLE TRAVEL

Who is the contractor on this award?

The obligated recipient is SIKICH CPA LLC.

Which agency awarded this contract?

Awarding agency: Department of Transportation (Immediate Office of the Secretary of Transportation).

What is the total obligated amount?

The obligated amount is $5.2 million.

What is the period of performance?

Start: 2019-03-22. End: 2025-11-06.

What is the total value of the contract, and how does it compare to similar audit service contracts for federal agencies of similar size?

The total contract value is $5,150,487.69. A comprehensive comparison would require access to a database of federal contract awards for audit services, considering factors like agency size, scope of audits, and contract duration. Without this comparative data, it's difficult to definitively state if this represents excellent or fair value.

What are the specific risks associated with a contract duration of over 2400 days for audit services?

A long contract duration for audit services carries risks such as potential price increases over time, the need for contract modifications to adapt to changing regulations or agency needs, and the possibility that the contractor's expertise may become less relevant if audit methodologies evolve significantly. Regular performance reviews and clear modification clauses are crucial.

How effectively does the 'full and open competition' method ensure optimal value for taxpayer money in this specific audit services contract?

Full and open competition is designed to maximize value by encouraging multiple bids, which typically drives down prices and improves service quality. For this contract, it suggests that the Department of Transportation sought the best possible offer. The actual effectiveness depends on the number of bidders, the competitiveness of their proposals, and the government's negotiation process.

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: 3

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: $5,150,488

Exercised Options: $5,150,488

Current Obligation: $5,150,488

Actual Outlays: $4,683,807

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: GS00F279DA

IDV Type: FSS

Timeline