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Department of the Treasury Awarded a Contract to THE CBE GROUP, INC. for $12,000,000.00

Signed on

2/2/2024, 12:00 AM

THE CBE GROUP, INC. Government Contract #2033H624F00062

THE CBE GROUP, INC. was awarded a contract with the United States Government for $12,000,000.00. The contract was awarded by the agency office FISCAL SERVICE, which is a division with the Bureau of the Fiscal Service within the Department of the Treasury.

Summary of Award

The recipient of the federal contract is The CBE Group, Inc., located in Cedar Falls, Iowa, specializing in certified public accounting services. The contract, funded by the Department of the Treasury's Bureau of the Fiscal Service, is worth $12,000,000 and is for PCA services bridge contract. Notable details include the full and open competition involved in the procurement process.

Contract Details

Contract ID2033H624F00062
Contract TypeC
Total Obligation$9,816,508.27
Exercised Options$9,816,508.27
Base Amount + Options$12,000,000.00
Date Signed2024-02-02
Contract DescriptionPCA SERVICES BRIDGE CONTRACT (CBE)
Start Date2024-02-18
End Date2025-11-17

Agency Details

Awarding AgencyDepartment of the Treasury
Awarding Sub AgencyBureau of the Fiscal Service
Awarding OfficeFISCAL SERVICE
Funding AgencyDepartment of the Treasury
Funding Sub AgencyBureau of the Fiscal Service
Funding OfficeFISCAL SERVICE

Recipient Details

RecipientTHE CBE GROUP, INC.
Recipient Location1309 TECHNOLOGY PKWY CEDAR FALLS IOWA, UNITED STATES
Business CategoriesCategory Business, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00009 | $2,000,000.00June 4, 2025

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $2,000,000.00 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00008 | $0.00May 13, 2025

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $0.00 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00007 | $2,400,000.00January 21, 2025

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $2,400,000.00 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00006 | $237,675.91December 3, 2024

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $237,675.91 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00005 | $1,500,000.00October 15, 2024

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $1,500,000.00 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00004 | $848,852.59August 28, 2024

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $848,852.59 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00003 | $-520,020.23August 5, 2024

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $-520,020.23 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $1,500,000.00July 17, 2024

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $1,500,000.00 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00001 | $1,600,000.00May 3, 2024

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $1,600,000.00 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $250,000.00February 2, 2024

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $250,000.00 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00011 | $-396,589.28January 15, 2026

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $-396,589.28 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00010 | $2,000,000.00July 30, 2025

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $2,000,000.00 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00009 | $2,000,000.00June 4, 2025

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $2,000,000.00 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00008 | $0.00May 13, 2025

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $0.00 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00007 | $2,400,000.00January 21, 2025

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $2,400,000.00 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00006 | $237,675.91December 3, 2024

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $237,675.91 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00005 | $1,500,000.00October 15, 2024

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $1,500,000.00 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00004 | $848,852.59August 28, 2024

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $848,852.59 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00003 | $-520,020.23August 5, 2024

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $-520,020.23 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $1,500,000.00July 17, 2024

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $1,500,000.00 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #P00001 | $1,600,000.00May 3, 2024

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $1,600,000.00 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $250,000.00February 2, 2024

Bureau of the Fiscal Service, a sub agency of Department of the Treasury, issued a payment of $250,000.00 to THE CBE GROUP, INC.. The payment included a Subsidy Cost of $0.00.