DOE awards $207K BPA Call to Cohnreznick LLP for H2C Property System audit services
Contract Overview
Contract Amount: $207,379 ($207.4K)
Contractor: Cohnreznick LLP
Awarding Agency: Department of Energy
Start Date: 2025-12-11
End Date: 2026-07-20
Contract Duration: 221 days
Daily Burn Rate: $938/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: TIME AND MATERIALS
Sector: Other
Official Description: A TIME AND MATERIALS BPA CALL 89303926FEM000379 WILL BE PLACED AGAINST DEPARTMENT OF ENERGY HEADQUARTERS (DOE HQ) BPA 89303022AMA000041 WITH COHNREZNICK TO PROVIDE AUDIT SERVICES OF THE H2C PROPERTY SYSTEM.
Place of Performance
Location: RICHLAND, BENTON County, WASHINGTON, 99354
Plain-Language Summary
Department of Energy obligated $207,378.57 to COHNREZNICK LLP for work described as: A TIME AND MATERIALS BPA CALL 89303926FEM000379 WILL BE PLACED AGAINST DEPARTMENT OF ENERGY HEADQUARTERS (DOE HQ) BPA 89303022AMA000041 WITH COHNREZNICK TO PROVIDE AUDIT SERVICES OF THE H2C PROPERTY SYSTEM. Key points: 1. Value for money assessed through comparison to similar audit services. 2. Competition dynamics indicate a full and open process. 3. Risk indicators include the time and materials contract type. 4. Performance context is an audit of a specific property system. 5. Sector positioning within professional services for government.
Value Assessment
Rating: fair
The contract value of $207,378.57 for audit services appears reasonable for a specialized task. Benchmarking against similar government audit contracts for property systems would provide a clearer picture of value. The time and materials (T&M) pricing structure, while flexible, can sometimes lead to cost overruns if not closely managed, warranting careful oversight.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
This contract was awarded under a full and open competition BPA call. While the specific number of bidders for this call is not detailed, the underlying BPA was competed broadly. This suggests a competitive environment that should theoretically drive fair pricing, though the specific terms of the call could influence participation.
Taxpayer Impact: A full and open competition process generally benefits taxpayers by ensuring a wide range of potential contractors can bid, leading to potentially lower prices and better service quality.
Public Impact
The Department of Energy (DOE) benefits from the audit of its H2C Property System. Audit services ensure compliance and proper financial management of government assets. The geographic impact is primarily within the Department of Energy's Washington D.C. operations. The contract supports specialized accounting and auditing professionals.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Time and Materials contract type can lead to cost uncertainty if not managed effectively.
- Scope definition for audit services needs to be precise to avoid scope creep.
- Reliance on a single BPA call for a specific service may limit future competitive opportunities if not re-competed broadly.
Positive Signals
- Awarded under a previously competed BPA, indicating a structured procurement process.
- Cohnreznick LLP is a known entity in the professional services space.
- The contract has a defined period of performance, allowing for focused execution.
Sector Analysis
This contract falls within the professional, scientific, and technical services sector, specifically accounting and auditing services. The market for government auditing is substantial, with numerous firms competing for federal contracts. This award represents a small portion of overall federal spending on such services, which are critical for ensuring accountability and compliance across agencies.
Small Business Impact
The data indicates this contract was not set aside for small businesses (ss: false, sb: false). Cohnreznick LLP is a large firm. There is no explicit information on subcontracting plans for small businesses within this specific BPA call, but the overall BPA structure might include such requirements.
Oversight & Accountability
Oversight will likely be managed by the Department of Energy contracting officers and program managers responsible for the H2C Property System. The contract's performance will be monitored against the Statement of Work. Transparency is facilitated by federal contract databases where this award is reported. Inspector General jurisdiction would apply if any fraud or mismanagement is suspected.
Related Government Programs
- Department of Energy Financial Audits
- Federal Property Management Systems
- Government Audit Services
- BPA Call Procurements
Risk Flags
- Time and Materials Contract Type
- Potential for Cost Overruns
- Scope Management Required
Tags
professional-services, audit, department-of-energy, washington-dc, bpa-call, time-and-materials, full-and-open-competition, property-system, accountant
Frequently Asked Questions
What is this federal contract paying for?
Department of Energy awarded $207,378.57 to COHNREZNICK LLP. A TIME AND MATERIALS BPA CALL 89303926FEM000379 WILL BE PLACED AGAINST DEPARTMENT OF ENERGY HEADQUARTERS (DOE HQ) BPA 89303022AMA000041 WITH COHNREZNICK TO PROVIDE AUDIT SERVICES OF THE H2C PROPERTY SYSTEM.
Who is the contractor on this award?
The obligated recipient is COHNREZNICK LLP.
Which agency awarded this contract?
Awarding agency: Department of Energy (Department of Energy).
What is the total obligated amount?
The obligated amount is $207,378.57.
What is the period of performance?
Start: 2025-12-11. End: 2026-07-20.
What is Cohnreznick LLP's track record with the Department of Energy and similar federal agencies?
Cohnreznick LLP has a history of performing professional services for various federal agencies, including the Department of Energy. Their experience typically spans financial advisory, audit, and consulting services. While specific details on past DOE contracts for property system audits are not provided in this data snippet, their general profile suggests they possess the requisite expertise. A deeper dive into contract databases like FPDS or SAM.gov would reveal the extent and nature of their prior federal engagements, including performance ratings and any past issues.
How does the $207,378.57 contract value compare to similar audit services for property systems?
Benchmarking this contract's value requires comparison with similar Time and Materials (T&M) BPA calls or fixed-price contracts for auditing federal property management systems. The duration of the contract (approximately 1.5 years) and the scope (audit of H2C Property System) are key factors. Without specific data on the size and complexity of the H2C system, or the number of hours estimated, a precise comparison is difficult. However, for specialized audits of this nature, a value in the low to mid-hundreds of thousands of dollars is not uncommon, assuming a moderate scope and efficient execution by the contractor.
What are the primary risks associated with this Time and Materials (T&M) contract?
The primary risk with a T&M contract is the potential for cost overruns if the effort required exceeds initial estimates or if work is not efficiently performed. Unlike fixed-price contracts, the government pays for the actual time and materials used. This necessitates robust oversight from the Department of Energy to monitor hours, control scope, and ensure the contractor is performing diligently. Unclear requirements or scope creep can exacerbate these risks, leading to a higher final cost than initially anticipated.
How effective is a full and open competition BPA call for specialized audit services?
A full and open competition BPA call is generally an effective mechanism for obtaining specialized services like audits. It allows a broad range of qualified vendors to compete, fostering price competition and ensuring access to a diverse pool of expertise. For the Department of Energy, this means they can select a contractor based on a combination of technical qualifications, past performance, and price. The effectiveness is further enhanced if the underlying BPA was also competitively awarded, establishing pre-qualified vendors.
What are the historical spending patterns for audit services within the Department of Energy?
Historical spending on audit services by the Department of Energy is likely substantial, given the agency's complex operations and significant budget. This spending would encompass various types of audits, including financial statement audits, performance audits, and audits of specific systems or programs like the H2C Property System. Trends might show an increasing reliance on external auditors for specialized tasks or a shift towards more frequent system-specific audits to ensure compliance and identify efficiencies. Analyzing past spending data would reveal the typical contract values, durations, and the primary contractors engaged by the DOE for such services.
What is the significance of the H2C Property System being audited?
The H2C Property System is likely a critical component of the Department of Energy's asset management framework. Auditing such a system is crucial for ensuring the accuracy of property records, compliance with federal regulations (like the Federal Management Regulation), and safeguarding government assets. A thorough audit can identify discrepancies, potential losses, or inefficiencies in how property is tracked, utilized, and disposed of. The findings from this audit will inform DOE's internal controls and potentially lead to improvements in property management practices.
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
Pricing Type: TIME AND MATERIALS (Y)
Evaluated Preference: NONE
Contractor Details
Address: 1301 AVENUE OF THE AMERICAS FL 10, NEW YORK, NY, 10019
Business Categories: Category Business, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $207,379
Exercised Options: $207,379
Current Obligation: $207,379
Actual Outlays: $29,741
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 89303022AMA000041
IDV Type: BPA
Timeline
Start Date: 2025-12-11
Current End Date: 2026-07-20
Potential End Date: 2026-07-20 00:00:00
Last Modified: 2026-04-01
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