Opportunity
District of Columbia Cobblestone Systems #CFOPD-25-C-021A
Award for Accounting Services for DC Retirement and College Savings Plans
Posted
August 29, 2025
Identifier
CFOPD-25-C-021A
NAICS
541219
This award notice details the selection of IBS Management & Consultancy Services, LLC to provide accounting services for the District of Columbia's retirement and college savings plans. - Government Buyer: - Office of the Chief Financial Officer (OCFO), Office of Finance & Treasury (OFT), Office of Contracts - Awarded Vendor: - IBS Management & Consultancy Services, LLC - Products/Services Requested: - Comprehensive accounting and auditing services for: - 401(a) Defined Contribution Plan - 457(b) Deferred Compensation Plan - 529 College Savings Plan - Services include: - Preparation of financial statements, Management's Discussion and Analysis (MD&A), notes, schedules - Monthly general ledger reconciliations - Bi-weekly status reports, summary reports of security breaches, draft recommendations, and final audited financial statements - Collaboration with District staff to ensure all requirements are met - Unique/Notable Requirements: - Contract is an Indefinite Delivery/Indefinite Quantity (IDIQ) with a not-to-exceed value of $950,000 per period and a cumulative maximum of $1,900,000 - Structured with a base period and six one-year option periods - Labor categories and hourly rates specified for each period - Exempt from certain District procurement laws - Emergency extensions possible at the District's discretion
Description
The District of Columbia Office of the Chief Financial Officer, Office of Contracts, on behalf of the Office of Finance & Treasury (OFT), requires accounting services for its 401(a) Defined Contribution Plan, 457(b) Deferred Compensation Plan, and 529 College Savings Plan. The contract includes six one-year option periods, with one option exercised. The current contract term runs from September 5, 2026, to September 4, 2027. The contract value is not to exceed $950,000 for the base period, with a cumulative maximum of $1,900,000 including options.