1232SA23F0137↗

Name: 1232SA23F0137: To Comply With New Statement of Federal Financial Accounting Standard 54: Leases (Sffas 54), Ars Will Need Contractor Support to Complete the Task, Which Has an Effective Date of October 1, 2023. Sffas 54 Revises the Financial Reporting Standards for
Creator: SpendQuery

TO COMPLY WITH NEW STATEMENT OF FEDERAL FINANCIAL ACCOUNTING STANDARD 54: LEASES (SFFAS 54), ARS WILL NEED CONTRACTOR SUPPORT TO COMPLETE THE TASK, WHICH HAS AN EFFECTIVE DATE OF OCTOBER 1, 2023. SFFAS 54 REVISES THE FINANCIAL REPORTING STANDARDS FOR

Delivery Order · Agricultural Research Service · to IT Concepts, Inc. (UEI GJ5YALPQMCH1) · data as of 2026-09-30

Obligated to date$963.4K6 actions

Current value$963.4Kwith options exercised

Potential value$1.63Mif every option is used

Period2023-09-26 → 2025-09-25up to 2026-09-25 with options

What it is

Product or service: Support- Professional: Other (PSC R499)
Industry: Computer Systems Design Services (NAICS 541512)
Contracting office: Usda Ars Afm Apd (1232SA)
Competition: Full and open competition · 1 offer received
Pricing: Firm fixed price
How it was bought: GSA Schedule · under GS35F0441Y
Solicitation: 1232SA23Q0126
Where the work is: Fairfax, VA · district VA-11

Obligations by fiscal year

FY2023$628.0K

FY2024$335.5K

SpendQuery holds FY2023 on; earlier years are on USAspending.gov.

Subcontractors: where the money went next

No subawards reported for this award. Primes report subawards of $30,000 or more; many awards have none.

Every action

6 actions since 2023-09-25. Each is a modification or amendment with the money it added or took back.

Date	Modification	Kind	Amount	What the agency wrote
2024-09-04	P00005	Option exercised	$335.5K	TO COMPLY WITH NEW STATEMENT OF FEDERAL FINANCIAL ACCOUNTING STANDARD 54: LEASES (SFFAS 54), ARS WILL NEED CONTRACTOR SUPPORT TO COMPLETE THE TASK, WHICH HAS AN EFFECTIVE DATE OF OCTOBER 1, 2023. SFFAS 54 REVISES THE FINANCIAL REPORTING STANDARDS FOR
2024-08-12	P00004	Administrative change	$0	TO COMPLY WITH NEW STATEMENT OF FEDERAL FINANCIAL ACCOUNTING STANDARD 54: LEASES (SFFAS 54), ARS WILL NEED CONTRACTOR SUPPORT TO COMPLETE THE TASK, WHICH HAS AN EFFECTIVE DATE OF OCTOBER 1, 2023. SFFAS 54 REVISES THE FINANCIAL REPORTING STANDARDS FOR
2024-07-24	P00003	Supplemental agreement (work within scope)	$0	TO COMPLY WITH NEW STATEMENT OF FEDERAL FINANCIAL ACCOUNTING STANDARD 54: LEASES (SFFAS 54), ARS WILL NEED CONTRACTOR SUPPORT TO COMPLETE THE TASK, WHICH HAS AN EFFECTIVE DATE OF OCTOBER 1, 2023. SFFAS 54 REVISES THE FINANCIAL REPORTING STANDARDS FOR
2023-09-26	P00002	Administrative change	$0	TO COMPLY WITH NEW STATEMENT OF FEDERAL FINANCIAL ACCOUNTING STANDARD 54: LEASES (SFFAS 54), ARS WILL NEED CONTRACTOR SUPPORT TO COMPLETE THE TASK, WHICH HAS AN EFFECTIVE DATE OF OCTOBER 1, 2023. SFFAS 54 REVISES THE FINANCIAL REPORTING STANDARDS FOR
2023-09-25	P00001	Administrative change	$0	TO COMPLY WITH NEW STATEMENT OF FEDERAL FINANCIAL ACCOUNTING STANDARD 54: LEASES (SFFAS 54), ARS WILL NEED CONTRACTOR SUPPORT TO COMPLETE THE TASK, WHICH HAS AN EFFECTIVE DATE OF OCTOBER 1, 2023. SFFAS 54 REVISES THE FINANCIAL REPORTING STANDARDS FOR
2023-09-25	0		$628.0K	TO COMPLY WITH NEW STATEMENT OF FEDERAL FINANCIAL ACCOUNTING STANDARD 54: LEASES (SFFAS 54), ARS WILL NEED CONTRACTOR SUPPORT TO COMPLETE THE TASK, WHICH HAS AN EFFECTIVE DATE OF OCTOBER 1, 2023. SFFAS 54 REVISES THE FINANCIAL REPORTING STANDARDS FOR

Source: USAspending.gov prime award transactions and FSRS subaward reports, as loaded by SpendQuery (data as of 2026-09-30). Amounts are obligations (money committed), not outlays. The official record on USAspending.gov ↗