Department of Education Awarded a Contract to FMR CONSULTING INC. for $13,615,283.12

Summary of Award

The US federal government awarded a contract to FMR Consulting Inc. for financial advisory services, with a total obligation of $7,871,880.15. The contract was signed on January 31, 2023, and includes base exercised options of $7,871,880.15 and base and all options totaling $13,615,283.12. The contract falls under the category of delivery order and is related to the provision of financial advisory services.

The contract was awarded by the General Services Administration, specifically the Federal Acquisition Service, under the Department of Education. The contract falls under the Federal Supply Schedule (FSS) and is classified as a multiple award contract. The contract was subject to full and open competition, with a small business set-aside total. The product or service code for the contract is R703, which corresponds to support-management: accounting services.

FMR Consulting Inc. is a U.S.-owned business located in Springfield, Virginia. The company offers a range of services, including financial advisory services. The company is classified as a Black American Owned Business, Category Business, Corporate Entity Not Tax Exempt, DoT Certified Disadvantaged Business Enterprise, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Subchapter S Corporation, and U.S.-Owned Business. The contract has a period of performance starting on February 1, 2023, and ending on January 31, 2028, with a potential end date of January 31, 2028. The contract does not involve any loan value and is not part of a multi-year contract. The contract is firm-fixed price and does not require a subcontracting plan. The contract has seen several transactions, with the latest modification (Mod: P00003) on March 19, 2025, resulting in a transaction amount of -$371,388.25. Previous transactions include a transaction amount of $2,929,640.71 on January 30, 2025 (Mod: P00002), $2,889,441.75 on January 22, 2024 (Mod: P00001), and $2,424,185.94 on January 31, 2023 (Mod: 0). These transactions are related to the delivery order contract for financial advisory services between the Department of Education and FMR Consulting Inc. In summary, the awarded contract between the US federal government and FMR Consulting Inc. for financial advisory services involves a total obligation of $7,871,880.15. The contract is part of the Federal Supply Schedule and falls under the Department of Education. FMR Consulting Inc. is a U.S.-owned business located in Virginia, offering financial advisory services. The contract has a period of performance from February 1, 2023, to January 31, 2028, and has seen several transactions related to the delivery order contract.