HUD Awards $12.9M Investment Advice Contract to Guidehouse LLP Under Full and Open Competition

Contract Overview

Contract Amount: $12,923,881 ($12.9M)

Contractor: Guidehouse LLP

Awarding Agency: Department of Housing and Urban Development

Start Date: 2022-02-11

End Date: 2027-02-10

Contract Duration: 1,825 days

Daily Burn Rate: $7.1K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 2

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: GLOBAL INVESTORS AND MARKET ADVISORS

Place of Performance

Location: MCLEAN, FAIRFAX County, VIRGINIA, 22102

State: Virginia Government Spending

Plain-Language Summary

Department of Housing and Urban Development obligated $12.9 million to GUIDEHOUSE LLP for work described as: GLOBAL INVESTORS AND MARKET ADVISORS Key points: 1. Contract Value: $12.9 million over 5 years. 2. Competition: Awarded via full and open competition, indicating a competitive bidding process. 3. Risk: Firm fixed price contract mitigates cost overrun risk. 4. Sector: Professional services supporting government administration.

Value Assessment

Rating: good

The contract value of $12.9 million over five years suggests a reasonable annual spend for specialized investment advice. Benchmarking against similar government contracts for advisory services would provide a clearer picture of its cost-effectiveness.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded through full and open competition, which typically fosters competitive pricing and allows for a wide range of qualified bidders. This method is expected to yield fair market value for the services provided.

Taxpayer Impact: The competitive nature of the award suggests that taxpayers are likely receiving good value for the funds expended on investment advice.

Public Impact

Ensures access to expert financial and market advice for HUD. Supports informed decision-making for housing and urban development initiatives. Promotes efficient use of federal funds through strategic investment guidance.

Waste & Efficiency Indicators

Waste Risk Score: 70 / 10

Positive Signals

Full and open competition utilized.
Firm fixed price contract type.
Long-term contract provides stability.

Sector Analysis

This contract falls within the professional services sector, specifically investment advice. Government spending in this area often supports strategic planning and financial management. Benchmarks for similar advisory contracts vary widely based on scope and duration.

Small Business Impact

The data does not indicate whether small businesses were involved as subcontractors. Further analysis would be needed to determine the extent of small business participation.

Oversight & Accountability

The contract is managed by the Department of Housing and Urban Development, implying internal oversight. The firm fixed price structure also provides a degree of financial accountability.

Related Government Programs

Investment Advice
Department of Housing and Urban Development Contracting
Department of Housing and Urban Development Programs

Risk Flags

Potential for vendor lock-in due to long contract duration.
Reliance on external expertise may reduce internal capacity over time.
Effectiveness hinges on the quality of advice and HUD's implementation.

Frequently Asked Questions

What is this federal contract paying for?

Department of Housing and Urban Development awarded $12.9 million to GUIDEHOUSE LLP. GLOBAL INVESTORS AND MARKET ADVISORS

Who is the contractor on this award?

The obligated recipient is GUIDEHOUSE 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 $12.9 million.

What is the period of performance?

Start: 2022-02-11. End: 2027-02-10.

What specific types of investment advice will Guidehouse LLP provide to HUD?

The contract likely encompasses advice on financial markets, investment strategies, portfolio management, and risk assessment relevant to HUD's mission. This could include guidance on managing agency funds, evaluating investment opportunities for housing programs, or advising on economic trends impacting urban development.

Are there any potential conflicts of interest with Guidehouse LLP providing investment advice?

As with any advisory contract, potential conflicts of interest should be carefully managed through strict ethical guidelines and disclosure requirements. HUD's oversight mechanisms should ensure that Guidehouse LLP acts solely in the best interest of the agency and avoids any situations that could compromise their impartiality or fiduciary duty.

How will the effectiveness of the investment advice be measured?

Effectiveness can be measured through key performance indicators (KPIs) tied to the achievement of HUD's financial and programmatic goals. This might include the performance of recommended investments, the accuracy of market forecasts, and the successful implementation of strategic financial plans, all assessed against pre-defined objectives.

Industry Classification

NAICS: Finance and Insurance › Other Financial Investment Activities › Investment Advice

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

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Solicitation ID: 86615621R00004

Offers Received: 2

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Parent Company: Peraton Technology Services Inc.

Address: 2941 FAIRVIEW PARK DR STE 501, FALLS CHURCH, VA, 22042

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

Financial Breakdown

Contract Ceiling: $12,923,881

Exercised Options: $12,923,881

Current Obligation: $12,923,881

Actual Outlays: $3,425,455

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Timeline