About The Contract

Background

To comply with the demands for more responsive and cost effective government, government officials, policy makers, and managers need reliable financial and performance data. Government agencies perform many financial management related functions in support of their mission and strategic and operation goals. These functions generally extend to: financial planning and budget formulation; budget execution; financial and managerial cost accounting; financial analysis; financial management systems; financial statement preparation; loan structure; risk analysis; other financial reporting; management controls; financial oversight of agency activities; asset management; asset evaluation; service pricing and rate review; performance measurement; and improving agency financial management processes and systems on a continuous basis.

Certain laws, regulations, and executive orders require the chief Financial Office to follow guidance provided by the Office of Management and Budget (OMB) for Management Accountability and Control, Financial Management Systems, and Form and Content of Agency Financial Statements for Preparation of Federal Financial Statements as well as many others.

Federal agency Chief Financial Officers and other financial and program managers must carry out their financial management responsibilities within an increasingly complex environment of new accounting standards, systems, and reporting requirements, and internal control and integrity-related requirements. To operate effectively within this environment with shrinking resources, these officials require the flexibility to quickly acquire the services of qualified financial management service providers, when needed, to assist them in carrying out their missions in a cost effective and professional manner, consistent with their agency's financial management needs and Federal agency requirements.

The Services Acquisition Center (FCX) of the Federal Supply Service of GSA is providing services to assist Federal Chief Financial Officers and other senior Federal financial and program managers in carrying out their financial responsibilities. FCX has prepared a Government-Wide Financial Management Services Multiple Award Federal Supply (MAS) Schedule. This schedule offers services needed by Federal Chief Financial Officers and other financial and program managers to comply with laws, regulations, executive orders, and circulars to carry out their financial management responsibilities in a cost-effective manner.

Objectives

This GSA FABS Schedule will enable the Federal agency Chief Financial Officers and other financial and program managers to carry out their financial management responsibilities by obtaining services of commercial entities, where needed, to provide a wide variety of financial management services.

To obtain qualified financial management consulting firms and/or independent public accounting firms whose Partners specialize in providing various financial management services to Federal agencies. These services may relate to a wide range of financial management functions, programs, and activities including:

  • Financial planning
  • Budget formulation
  • Budget execution and monitoring
  • Financial accounting
  • Managerial cost accounting
  • Financial management services
  • Financial statement preparation
  • Financial analysis and Risk analysis
  • Management and systems controls
  • Asset management
  • Other financial management reviews
  • Other financial management consulting/assistance
  • Grant management
  • Inventory management
  • Other financial reporting

Any of the above services may be required to meet a statutory or regulatory requirement or to assist the agency in improving its financial management processes.

Scope of Work

Under the FABS Schedule, SAIC provides federal agencies with a wide variety of financial management and accounting services which may relate to: financial planning; budget formulation; budget execution; preparation of financial statements; other financial reporting; performance measurement; management controls; management and internal control reviews; financial management systems; ADP control reviews; financial analysis; asset management; financial accounting and managerial cost accounting, activity-based cost management support; improving agency financial management processes and systems; grant management; payroll processing and any other type of financial consulting and technical assistance that is deemed to be necessary by the Chief Financial Officer or agency senior financial and program managers.

About SAIC

The SAIC Team is distinguished from our competitors due to the caliber of our people and the breadth and depth of our experience. Our professional staff has national experience in providing financial management services and support products. Our size, experience, and ability to assemble diverse teams and technologies allow us to rapidly respond to each customer's unique circumstances and provide them with best-in-class solutions.

We are also unique in our commitment to help our clients reinvent their organizations, enhance their capacity for change, and create lasting value for their customers, employees, and owners. We work closely with our clients to define achievable targets, objectives, and expectations that allow them to achieve expected outcomes. Our commitment to our clients is further reflected by our ability to push back traditional boundaries and create innovative, value-added solutions. By combining our experience and expertise with theirs, we help our clients expand their knowledge capital and discover new paths to sustained high performance.