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Inter-American Foundation Awarded a Contract to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S for $45,175.00
Signed on
5/17/2024, 12:00 AM
VALENCIA & FALLA AUDITORIAS INTEGRALES S A S Government Contract #20343124D00002
VALENCIA & FALLA AUDITORIAS INTEGRALES S A S was awarded a contract with the United States Government for $45,175.00. The contract was awarded by the agency office ARC DIV PROC SVCS - IAF, which is a division with the Bureau of the Fiscal Service within the Department of the Treasury.
Summary of Award
The contract summarized in this data set involves an awarded agreement between the U.S. federal government and a company named Valencia & Falla Auditorias Integrales S.A.S. The nature of the contract is primarily for providing audit services in Colombia. The type of contract is classified as an Indefinite Delivery/Indefinite Quantity (IDIQ), specifically described as "Grant Audit Services IDIQ for Colombia." This indicates the government can order as many services as needed within certain limits, providing flexibility in addressing the requirements over time.
**Contract Details and Funding:**
The contract was signed on May 17, 2024, and is set to be performed from May 16, 2024, to February 28, 2025, with an update on its status made on March 28, 2025. The total potential value of the contract is $45,175, which covers the base and all potential options. However, the total account outlay, representing actual spending so far, is $28,923.5. Notably, there are no current obligations, possibly indicating the payments are structured around milestones or deliverables rather than upfront commitments.
The funding agency, responsible for the administration and oversight of this contract, is the Inter-American Foundation (IAF). Meanwhile, the awarding agency is the Department of the Treasury, particularly the Bureau of the Fiscal Service. This collaboration between agencies highlights a joint effort in managing and utilizing the financial oversight mechanisms to ensure accountability and transparency in foreign engagements.
**Contract Nature and Procurement:**
The latest transaction details pertain to the competitive nature of the bidding process, where only one offer was received, notwithstanding the procurement approach marked by “Full and Open Competition.” This detail is crucial, as it provides insight into the level of market interest and depth of offerings available for audit services in the geographical and service domain targeted by the contract.
The nature of services procured falls under the Product or Service Code (PSC) of R704, denoting management support services with a specific focus on auditing. The aim is further refined under the North American Industry Classification System (NAICS) code 541211, signifying engagement with professional services typically rendered by Certified Public Accountants.
**Recipient Information:**
Valencia & Falla Auditorias Integrales S.A.S., the recipient of the contract, is positioned in Bogota, Colombia. The firm operates within the category of businesses that are foreign-owned and not designated as a small business, emphasizing its international scope and possibly broader operational capabilities. Located in Bogota’s core, the company’s business engagement in this contract leverages its local and regional expertise to fulfill the U.S. government’s auditing services requirements.
The lack of detailed executive information or names in the dataset might indicate either privacy considerations or that the provided data is focused more specifically on contract details rather than corporate governance. However, understanding the role of key executives could further illuminate the company's decision-making and execution strategy.
**Analysis and Insights:**
One important aspect of this contract is its strategic importance in ensuring grant funds are being utilized correctly and wisely in foreign territories, such as Colombia. Given the regulatory complexities and jurisdictional differences inherent in international engagements, the role of companies like Valencia & Falla Auditorias Integrales S.A.S. is critical in providing transparent and insightful audit services that help align funding utilization with intended program goals.
The fiscal service's involvement signifies an emphasis on rigorous financial management, a key component of foreign assistance programs. Moreover, leveraging the Inter-American Foundation’s perspective ensures that the socio-economic context of grant activities receives due consideration.
**Conclusion:**
This awarded contract stands out not only for its financial and procedural specifics but also for its broader implications on governance and accountability in foreign aid provision. It underscores the importance of strategic partnerships with qualified international firms possessing the requisite local knowledge to drive compliance and fulfillment of grant objectives.
The absence of transactions in the dataset may indicate that further transactions or performance indicators are to be tracked elsewhere, or that detailed financial exchanges take place through separate reporting channels. The contract's current structure suggests a framework intended to adapt responsively to the dynamic auditing needs, reflecting thoughtful procurement strategies by the funding and awarding agencies involved.
Contract Details
Agency Details
Recipient Details
Comments
Award Transactions
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Inter-American Foundation, a sub agency of Inter-American Foundation, issued a payment of $0.00 to VALENCIA & FALLA AUDITORIAS INTEGRALES S A S. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.