SAM #STATE-VNRRT-2026

Sole Source Award: Advisory and Operational Support for Venezuela Natural Resource Revenue Transparency

The U.S. Department of State has awarded a sole source contract to KPMG LLP for specialized advisory and operational support services related to Venezuelan natural resource revenue transparency. - Sole source award made under GSA MAS contract GS-00F-275CA to KPMG LLP - Purpose: Establish and operate a secure, compliant, and transparent financial monitoring mechanism for Venezuelan natural resource transactions and U.S.-controlled fund disbursements - Services include: - Compliance, risk management, and auditing - Market analysis, inflow and counterparty vetting - Disbursement validation, data automation, and technical advisory support - Oversight to prevent fraud, corruption, and misuse of funds - Contract supports U.S. foreign policy by ensuring funds benefit the Venezuelan people - Estimated contract value up to $84.38 million over five years (base year plus four option years) - KPMG LLP identified as the only vendor capable of meeting the unique requirements - Place of performance includes McLean, VA; contracting office is the U.S. Department of State in Washington, DC

Description

Sole Source Order was issued to KPMG LLP under General Services Administration (GSA) Multiple Award Schedule (MAS): GS-00F-275CA  for the services described below, in accordance with General Services Acquisition Regulation 538.7104-3 (b) (ii): "Only one source is capable of providing the products, services, or solution required at the level of quality required because the products, services, or solutions are unique or highly specialized.”

The Government requires services that establish and operationalize a secure, compliant, and transparent financial monitoring mechanism that the selected contractor can deploy for the review, control, tracing, and validation of revenues associated with Venezuelan natural resource transactions and related fund disbursements, such as those from designated United States Department of the Treasury accounts (“U.S.-controlled accounts”) in accordance with Executive Order 14373. The contract will furnish advisory and operational support that enables the DoS to exercise informed oversight, protect against fraud and corruption, and help ensure that funds benefit the Venezuelan people in accordance with U.S. foreign policy priorities.

View original listing