DoD Navy awards $54.2M contract for Other Accounting Services to Deloitte Consulting LLP
Contract Overview
Contract Amount: $54,193,982 ($54.2M)
Contractor: Deloitte Consulting LLP
Awarding Agency: Department of Defense
Start Date: 2020-02-27
End Date: 2022-01-08
Contract Duration: 681 days
Daily Burn Rate: $79.6K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: TIME AND MATERIALS
Sector: Other
Official Description: LABOR - BASE PERIOD
Place of Performance
Location: WASHINGTON NAVY YARD, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20374
Plain-Language Summary
Department of Defense obligated $54.2 million to DELOITTE CONSULTING LLP for work described as: LABOR - BASE PERIOD Key points: 1. Contract awarded via full and open competition. 2. Deloitte Consulting LLP is the sole awardee. 3. Contract duration is 681 days. 4. Base period value is $54.2 million.
Value Assessment
Rating: good
The contract's base period value of $54.2 million for accounting services appears reasonable given the duration and the provider's expertise. Benchmarking against similar large-scale accounting service contracts would provide further validation.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, suggesting a robust process for price discovery and selection of the most advantageous offer. This method generally leads to competitive pricing.
Taxpayer Impact: Taxpayer funds are being utilized efficiently through a competitive bidding process, aiming to secure quality accounting services at a fair market price.
Public Impact
Ensures continued financial management and accounting support for the Department of the Navy. Supports critical operational functions through specialized accounting services. Potential for improved financial reporting and accountability within the DoD.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Time and Materials pricing structure can lead to cost overruns if not closely monitored.
- Lack of specific performance metrics in the provided data.
- Potential for vendor lock-in if follow-on contracts are not competitively bid.
Positive Signals
- Awarded through full and open competition.
- Experienced contractor (Deloitte Consulting LLP).
- Supports a critical government function.
Sector Analysis
This contract falls under professional services, specifically accounting. Spending in this sector by the DoD is substantial, focusing on maintaining financial integrity and supporting complex logistical and operational requirements.
Small Business Impact
The data indicates this contract was awarded to a large business (Deloitte Consulting LLP) and does not show any specific set-asides or subcontracting goals for small businesses in this particular award.
Oversight & Accountability
The award through full and open competition suggests a degree of oversight in the procurement process. However, ongoing monitoring of the Time and Materials contract will be crucial for accountability.
Related Government Programs
- Other Accounting Services
- Department of Defense Contracting
- Department of the Navy Programs
Risk Flags
- Time and Materials pricing.
- Potential for cost overruns.
- Limited visibility into specific service details.
- No explicit small business participation noted.
Tags
other-accounting-services, department-of-defense, dc, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $54.2 million to DELOITTE CONSULTING LLP. LABOR - BASE PERIOD
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 Navy).
What is the total obligated amount?
The obligated amount is $54.2 million.
What is the period of performance?
Start: 2020-02-27. End: 2022-01-08.
What specific accounting services are being provided under this contract?
The contract specifies 'Other Accounting Services' (NAICS 541219). This broad category could encompass a range of activities such as financial statement preparation, auditing support, accounting system implementation, cost accounting, and financial advisory services. Detailed task orders would clarify the precise nature of the services rendered.
What are the potential risks associated with a Time and Materials contract for accounting services?
Time and Materials (T&M) contracts carry inherent risks of cost escalation if not managed diligently. The government pays for direct labor hours at specified hourly rates and for the actual cost of materials. Without strict oversight, controls, and clear scope definition, the total cost can exceed initial estimates, especially for complex or extended service periods.
How does this contract contribute to the overall effectiveness of the Department of the Navy's financial operations?
By securing specialized accounting services from a reputable firm like Deloitte, the Navy aims to enhance the accuracy, efficiency, and compliance of its financial operations. This support is vital for budget execution, resource allocation, audit readiness, and overall financial accountability, contributing to the effective management of naval resources.
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
Solicitation ID: N0018915RZ006
Offers Received: 1
Pricing Type: TIME AND MATERIALS (Y)
Evaluated Preference: NONE
Contractor Details
Parent Company: Deloitte Financial Advisory Services LLP
Address: 1919 N LYNN ST, ARLINGTON, VA, 22209
Business Categories: Category Business, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $60,640,168
Exercised Options: $60,640,168
Current Obligation: $54,193,982
Actual Outlays: $7,574,902
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: N0018918DZ013
IDV Type: IDC
Timeline
Start Date: 2020-02-27
Current End Date: 2022-01-08
Potential End Date: 2022-01-08 00:00:00
Last Modified: 2025-02-06
More Contracts from Deloitte Consulting LLP
- R12 Upgrade - System Integration and Hosting Support — $465.6M (Department of Health and Human Services)
- Award and IF — $448.6M (General Services Administration)
- Cade 2 Ltis3 Covid-19 — $383.8M (Department of the Treasury)
- This Requirement Shall Provide Support Which Shall Include: Capability Delivery Lifecycle Management, Enhancement/Development Delivery, Configuration, Additional Enhancement/Development Delivery, Ptems Enhancements and Development — $336.1M (Department of Veterans Affairs)
- Award of Information Technology Global Enterprise Management Services IT Gems Requirement — $332.8M (General Services Administration)
Other Department of Defense Contracts
- Federal Contract — $51.3B (Humana Government Business Inc)
- Lrip LOT 12 Advance Acquisition Contract — $35.1B (Lockheed Martin Corporation)
- SSN 802 and 803 Long Lead Time Material — $34.7B (Electric Boat Corporation)
- 200204!008532!1700!AF600 !naval AIR Systems Command !N0001902C3002 !A!N! !N! !20011026!20120430!008016958!008016958!834951691!n!lockheed Martin Corporation !lockheed Blvd !fort Worth !tx!76108!27000!439!48!fort Worth !tarrant !texas !+000026000000!n!n!018981928201!ac15!rdte/Aircraft-Eng/Manuf Develop !a1a!airframes and Spares !2ama!jast/Jsf !336411!E! !3! ! ! ! ! !99990909!B! ! !A! !a!n!r!2!002!n!1a!a!n!z! ! !N!C!N! ! ! !a!a!a!a!000!a!c!n! ! ! !Y! !N00019!0001! — $34.2B (Lockheed Martin Corporation)
- KC-X Modernization Program — $32.0B (THE Boeing Company)