BearingPoint Awarded Coast Guard Financial Management Blanket Purchase Agreement

McLean, Va. – BearingPoint, Inc.  one of the world’s largest management and technology consulting firms, announced yesterday it is one of five firms awarded a five-year Blanket Purchase Agreement (BPA) by the U.S. Coast Guard (USCG) for financial management support services. The BPA is valued up to $104 million and follows a similar financial services support award to BearingPoint by the Department of Homeland Security’s Immigration and Customs Enforcement (ICE) agency that is valued up to $47.7 million including all options.

Under the USCG BPA, BearingPoint will compete for task orders to work with the USCG’s Office of Financial Policy and Systems and Office of Financial Transformation and Compliance on a wide range of services. Specifically, BearingPoint task orders under the BPA will allow it to assist the Coast Guard with:

* Improving internal controls and accountability over financial business processes;
* Strengthening the Coast Guard’s financial reporting policies and procedures; and
* Transforming human resource strategy to improve the Coast Guard’s financial management workforce.

Contracted work is expected to be performed at USCG offices in Washington, D.C., Maryland, Virginia, North Carolina, Kansas and California.

This is BearingPoint’s second recent financial services support award within DHS. In late March, BearingPoint was awarded a one-year contract valued at $8.7 million in its base year, and up to $47.7 million total over five years (including all options) to assist ICE with its financial management systems. As part of this contract, BearingPoint is providing a number of technology and strategy consulting services including general business process improvements, training and compliance support surrounding financial data verification/validation, accounts payable accruals, financial audit, development and maintenance of an activity-based costing model, and support for ICE’s Finance Center located in Dallas, Texas.

“We’re proud to be chosen by the Coast Guard and by ICE to assist in transforming their financial processes,” said Tim Chase, vice president for BearingPoint’s National Security practice. “Helping these DHS agencies meet financial compliance requirements in a more efficient way means more resources can be devoted to identifying criminal activities and eliminating vulnerabilities along our nation’s borders and coastlines.”

BearingPoint Press Release

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