HUD awards $9.25M BPA Call to Ernst & Young for Financial Management Support
Contract Overview
Contract Amount: $9,251,676 ($9.3M)
Contractor: Ernst & Young LLP
Awarding Agency: Department of Housing and Urban Development
Start Date: 2026-03-26
End Date: 2027-03-25
Contract Duration: 364 days
Daily Burn Rate: $25.4K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: LABOR HOURS
Sector: Other
Official Description: FINANCIAL, PROGRAM AND PROJECT MANAGEMENT AND TRAINING SUPPORT SERVICES
Place of Performance
Location: NEW YORK, NEW YORK County, NEW YORK, 10001
State: New York Government Spending
Plain-Language Summary
Department of Housing and Urban Development obligated $9.3 million to ERNST & YOUNG LLP for work described as: FINANCIAL, PROGRAM AND PROJECT MANAGEMENT AND TRAINING SUPPORT SERVICES Key points: 1. Significant contract value of $9.25 million for specialized financial and project management services. 2. Ernst & Young, a major player, secured this award. 3. Full and open competition was utilized, suggesting a competitive bidding process. 4. The contract supports the Department of Housing and Urban Development's core functions.
Value Assessment
Rating: good
The contract value of $9.25 million for 364 days suggests a substantial but not excessive investment for specialized financial and project management support. Benchmarking against similar large-scale consulting contracts would provide further context on its 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 best value.
Taxpayer Impact: The use of full and open competition is expected to yield fair pricing, maximizing the value of taxpayer dollars spent on essential financial and project management services.
Public Impact
Supports critical financial operations within HUD. Ensures effective program and project management for housing initiatives. Leverages expertise from a leading professional services firm. Contract duration of one year allows for flexibility and performance evaluation.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics in provided data.
- Potential for scope creep in complex financial projects.
- Reliance on a single large contractor for critical functions.
Positive Signals
- Awarded through full and open competition.
- Contract supports essential government functions.
- Experienced contractor selected.
Sector Analysis
This contract falls under professional services, specifically financial, program, and project management. Spending in this category is common across federal agencies to ensure efficient operations and effective program delivery.
Small Business Impact
The data indicates the awardee is Ernst & Young LLP, a large business. There is no indication of small business participation in this specific award, which is common for large, complex service contracts.
Oversight & Accountability
The Department of Housing and Urban Development is responsible for overseeing this contract. Standard government oversight mechanisms for contract performance, invoicing, and adherence to terms will be in place.
Related Government Programs
- Offices of Certified Public Accountants
- Department of Housing and Urban Development Contracting
- Department of Housing and Urban Development Programs
Risk Flags
- Contract value is substantial.
- Duration is relatively short (1 year).
- No small business participation noted.
- Specific services are broad ('support services').
Tags
offices-of-certified-public-accountants, department-of-housing-and-urban-developm, ny, bpa-call, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Housing and Urban Development awarded $9.3 million to ERNST & YOUNG LLP. FINANCIAL, PROGRAM AND PROJECT MANAGEMENT AND TRAINING SUPPORT SERVICES
Who is the contractor on this award?
The obligated recipient is ERNST & YOUNG LLP.
Which agency awarded this contract?
Awarding agency: Department of Housing and Urban Development (Department of Housing and Urban Development).
What is the total obligated amount?
The obligated amount is $9.3 million.
What is the period of performance?
Start: 2026-03-26. End: 2027-03-25.
What specific financial and project management services are included under this BPA Call?
The contract specifies 'FINANCIAL, PROGRAM AND PROJECT MANAGEMENT AND TRAINING SUPPORT SERVICES'. This likely encompasses a range of activities such as financial analysis, budgeting, accounting support, program oversight, project planning and execution, risk management, and potentially training for HUD staff in these areas.
What is the potential risk associated with relying on a single large firm for these critical services?
Reliance on a single large firm can pose risks such as reduced flexibility if the firm's priorities shift, potential for price increases in future renewals, and a lack of diverse perspectives. However, full and open competition for this award mitigates initial pricing risk and ensures the selection of a qualified vendor.
How does this contract contribute to the effectiveness of HUD's housing programs?
By providing expert financial and project management support, this contract enables HUD to manage its programs and projects more efficiently and effectively. This includes ensuring proper financial stewardship, timely execution of initiatives, and better oversight, all of which are crucial for the successful delivery of housing services to the public.
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: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: 86614326Q00001
Pricing Type: LABOR HOURS (Z)
Evaluated Preference: NONE
Contractor Details
Address: 1 MANHATTAN WEST, NEW YORK, NY, 10001
Business Categories: Category Business, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $21,651,421
Exercised Options: $9,451,676
Current Obligation: $9,251,676
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 86615124A00001
IDV Type: BPA
Timeline
Start Date: 2026-03-26
Current End Date: 2027-03-25
Potential End Date: 2028-03-25 00:00:00
Last Modified: 2026-04-01
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