BearingPoint, Inc. announced today that the United States Department of the Navy has awarded an indefinite delivery/indefinite quantity (IDIQ), multiple-award contract to assist with the implementation of the Navy’s Financial Improvement Plan.
Both competitive and non-competitive task orders will be awarded under this IDIQ vehicle. BearingPoint was awarded a minimum order of $1.5 million for the base year, with a ceiling amount for potential task order awards of $37 million. In addition, there are four one-year option periods, where potential task order awards can reach an estimated award amount of $107.6 million, if all four options are exercised.
Under the contract, BearingPoint will provide assistance to the Navy in documenting business processes, testing financial systems and sampling of financial data. The Navy’s Office of Financial Management Operations has developed the Financial Improvement Plan aimed at enabling the department to achieve an unqualified audit opinion on its financial statements. BearingPoint was selected to assist the Navy’s twenty-two major commands, secondary commands and field activity units in preparing for the audit by implementing the actions outlined in the Navy’s Financial Improvement plan.
Mark Goulart, the senior vice president of BearingPoint responsible for the company’s Defense Department sector, said BearingPoint was selected for the engagement because of its experience working with the Navy, including the successful completion of two Financial Improvement Plan pilot projects, one at Military Sealift Command and a second pilot program with the US Marine Corps.