DoD's $19.5M contract with Deloitte Consulting LLP for financial investment activities awarded in 2004

Contract Overview

Contract Amount: $19,543,043 ($19.5M)

Contractor: Deloitte Consulting LLP

Awarding Agency: Department of Defense

Start Date: 2004-11-29

End Date: 2010-05-31

Contract Duration: 2,009 days

Daily Burn Rate: $9.7K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 1

Pricing Type: COMBINATION (TWO OR MORE)

Sector: Other

Place of Performance

Location: DAYTON, GREENE County, OHIO, 45433

State: Ohio Government Spending

Plain-Language Summary

Department of Defense obligated $19.5 million to DELOITTE CONSULTING LLP for work described as: Key points: 1. Contract awarded for financial investment activities, indicating a focus on managing or advising on investments. 2. The contract duration spanned over 5 years, suggesting a need for sustained support. 3. Awarded by the Department of the Air Force, a major component of the DoD. 4. The contract type was 'FULL AND OPEN COMPETITION', suggesting a broad solicitation process. 5. The base year of performance was 2009, with the contract ending in 2010. 6. The contract value of $19.5M is a significant investment in financial advisory services.

Value Assessment

Rating: fair

Benchmarking the value of this contract is challenging without specific deliverables or performance metrics. The $19.5 million awarded over its life suggests a substantial engagement. However, without comparable contracts for similar financial investment activities within the DoD or other agencies, it's difficult to definitively assess if this represented excellent value for money. The duration and scope would need to be considered against specific outcomes achieved.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under 'FULL AND OPEN COMPETITION', indicating that all responsible sources were permitted to submit a bid. This suggests a robust bidding process designed to solicit a wide range of potential contractors. The number of bidders is not specified, but the open competition generally promotes price discovery and potentially leads to more competitive pricing.

Taxpayer Impact: A full and open competition is generally favorable for taxpayers as it increases the likelihood of obtaining services at a competitive market rate, fostering efficiency and potentially reducing overall costs.

Public Impact

The Department of the Air Force directly benefited from the financial investment advisory services provided. The services delivered likely supported the financial management and investment strategies of the Air Force. The geographic impact is primarily within the Department of the Air Force's operational areas. Workforce implications would include the personnel at Deloitte Consulting LLP involved in executing the contract.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of specific performance metrics makes it hard to gauge effectiveness.
Limited information on the exact nature of 'financial investment activities' hinders detailed analysis.
The contract ended in 2010, making current relevance and performance difficult to assess without historical data.

Positive Signals

Awarded through full and open competition, suggesting a fair and competitive process.
The contract duration indicates a sustained need and potential for long-term impact.
The significant award amount suggests a critical need for the services provided.

Sector Analysis

This contract falls within the professional services sector, specifically financial advisory and investment management. The market for such services within the federal government is substantial, with agencies frequently engaging contractors for specialized financial expertise. Comparable spending benchmarks would typically involve looking at other large-scale financial consulting contracts awarded by DoD or other federal entities for similar investment-related activities.

Small Business Impact

The provided data does not indicate if this contract included small business set-asides or subcontracting requirements. Without this information, it's impossible to assess the impact on the small business ecosystem. Typically, large contracts may include provisions for small business participation, but this is not explicitly stated here.

Oversight & Accountability

Oversight mechanisms for this contract would have been managed by the contracting officers and program managers within the Department of the Air Force. Accountability measures would be tied to the contract's performance clauses and deliverables. Transparency is generally facilitated by contract award databases, but detailed oversight reports or Inspector General involvement are not specified in the provided data.

Related Government Programs

Department of Defense Financial Management
Air Force Investment Strategies
Federal Financial Advisory Services
Government Contract Management

Risk Flags

Contract duration and end date indicate historical relevance.
Lack of specific performance metrics limits value assessment.
NAICS code is broad, requiring further detail for precise service understanding.

Frequently Asked Questions

What is this federal contract paying for?

Department of Defense awarded $19.5 million to DELOITTE CONSULTING LLP. See the official description on USAspending.

Who is the contractor on this award?

The obligated recipient is DELOITTE CONSULTING LLP.

Which agency awarded this contract?

Awarding agency: Department of Defense (Department of the Air Force).

What is the total obligated amount?

The obligated amount is $19.5 million.

What is the period of performance?

Start: 2004-11-29. End: 2010-05-31.

What specific financial investment activities were performed under this contract?

The provided data classifies this contract under NAICS code 523999, 'Miscellaneous Financial Investment Activities.' This broad category suggests services related to the management, administration, or advisory functions concerning financial investments. However, without access to the contract's statement of work or performance reports, the precise nature of these activities remains unspecified. It could range from portfolio management advice, financial planning, investment analysis, or other specialized financial services crucial for the Department of the Air Force's operational or strategic financial goals.

How does the $19.5 million award compare to similar contracts for financial investment activities?

Direct comparison of the $19.5 million award is difficult without knowing the specific services rendered and the contract's duration and scope. Federal contracts for financial advisory services can vary widely in value. For instance, contracts for large-scale economic analysis or complex investment portfolio management could reach tens or hundreds of millions of dollars. Conversely, smaller, more focused advisory roles might be in the low millions. To benchmark this contract effectively, one would need to identify contracts with similar NAICS codes, agencies, and service complexities awarded around the same period or more recently.

What were the key performance indicators (KPIs) or success metrics for this contract?

The provided data does not include information on the specific Key Performance Indicators (KPIs) or success metrics established for this contract. Typically, government contracts outline performance standards, deliverables, and evaluation criteria in their Statement of Work (SOW). For a contract involving financial investment activities, KPIs might have included accuracy of financial forecasts, efficiency of investment strategies, adherence to budget, or successful implementation of financial plans. Without these details, assessing the contractor's performance and the contract's overall success is not possible.

What was the track record of Deloitte Consulting LLP with the Department of Defense prior to or during this contract?

Deloitte Consulting LLP is a major federal contractor with a long history of serving various government agencies, including the Department of Defense. While specific details of their track record related to this particular contract are not provided, their extensive experience suggests a significant capacity to handle complex government engagements. A comprehensive assessment would involve reviewing past performance evaluations, any documented issues or commendations, and the overall volume and value of contracts Deloitte has held with the DoD and other federal entities.

What is the historical spending trend for 'Miscellaneous Financial Investment Activities' within the Department of the Air Force?

Analyzing historical spending trends for 'Miscellaneous Financial Investment Activities' (NAICS 523999) within the Department of the Air Force would require access to historical federal procurement data. This contract, awarded in 2004 and ending in 2010, represents a snapshot of spending during that period. To understand trends, one would need to examine spending patterns for this NAICS code across multiple fiscal years, identifying any increases or decreases in contract awards and their values. This analysis could reveal shifts in agency priorities or the evolving need for external financial expertise.

Industry Classification

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

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

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Offers Received: 1

Pricing Type: COMBINATION (TWO OR MORE) (2)

Evaluated Preference: NONE

Contractor Details

Parent Company: Deloitte LLP (UEI: 014127109)

Address: 4301 N FAIRFAX DR STE 210, ARLINGTON, VA, 08

Business Categories: Category Business, Not Designated a Small Business, Partnership or Limited Liability Partnership

Parent Contract

Parent Award PIID: GS23F0016J

IDV Type: FSS

Timeline