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Contract Information

 

Summary

Agency Name: DEPARTMENT OF FINANCIAL SERVICES

Agency Contract ID: OFR-COM-0176

Long Title: REAL System Modernization (Ernst & Young LLP)

Vendor Name: ERNST & YOUNG, LLP

Total Contract Amount: $9,157,273.00

Total Budgetary Amount: $9,157,273.00

Total Payment To Date: $5,333,253.25

Date of Execution: 08/27/2024

General Description: Implementation of new online cloud service for the replacement of the Office of Financial Regulation's Regulatory Enforcement and Licensing System - REAL 2.0.

Main Information

Agency Contract ID: OFR-COM-0176

FLAIR Contract ID: F0176

Short Title: REAL2.0EY

Long Title: REAL System Modernization (Ernst & Young LLP)

Contract Type: Standard Two Party Agreement by Statute

Contract Status: Active

Date of Execution: 08/27/2024

Date of Beginning: 08/27/2024

Original End Date: 08/26/2031

New Ending Date:

Agency Service Area: OFR

Statutory Authority: 287.057(1)(c), F.S.

Contract Involves State or Federal Financial Assistance: No

Recipient Type:

Provide for Administrative Cost: No

Provide for Periodic Increase: No

Procurement Information

Authorized Advanced Payment: No

Method of Procurement: Agency Invitation to Negotiate [s. 287.057(1)(c), F.S.]

State Term Contract ID:

Contract’s Exemption Justification:

Agency Reference Number: 2324-02 ITN OFR

Business Case Study Done: Yes

Business Case Date: 01/13/2023

Legal Challenges to Procurement: No

Outsourcing / Capital Improvements

Was the Contracted Function Previously Performed by the State: No

Was the Contracted Function Considered for Insourcing back to the State: No

Did the Vendor Make Capital Improvements on State Property: No

Budget Information

Original Contract Amount: $8,617,673.00

Total Contract Amount: $9,157,273.00

Total Recurring Budgetary Amount: $0.00

Total Non-Recurring Budgetary Amount: $9,157,273.00

Total Budgetary Amount: $9,157,273.00

Total Unfunded Amount: $0.00

As of Date: 3/10/2026

No Recurring Budgetary records found for this contract.

Non-Recurring Budgetary Amount Account Code Fiscal Year Effective Date FY Cost Accumulator Agency Amendment Reference
$230,729.00 43-20-2-021018-43900550-00-210016-00 07/01/2030 2030-2031
$224,009.00 43-20-2-021018-43900550-00-210016-00 07/01/2029 2029-2030
$217,485.00 43-20-2-021018-43900550-00-210016-00 07/01/2028 2028-2029
$211,150.00 43-20-2-021018-43900550-00-210016-00 07/01/2027 2027-2028
$205,000.00 43-20-2-021018-43900550-00-210016-00 07/01/2026 2026-2027
$539,600.00 43-20-2-021018-43900550-00-210016-00 07/01/2025 2025-2026 A1
$3,021,626.97 43-20-2-021018-43900550-00-210016-00 07/01/2025 2025-2026
$4,507,673.03 43-20-2-021018-43900550-00-210016-00 07/01/2024 2024-2025

Contract Change

Change Type Amendment Amount Agency Amendment Reference Change Description Amendment Effective Date Amendment Execution Date New Ending Date
Amendment $539,600.00 A1 A1, Change Order 001 03/09/2026 03/09/2026

Vendor

Name Line 1Name Line 2City State ZipMinority Vendor Designation
ERNST & YOUNG, LLP ERNST & YOUNG U.S. LLP TALLAHASSEE FL 323010000 Non-Minority

CFDA

No CFDA Codes found for the contract.

CSFA

No CSFA Codes found for the contract.
More Deliverable Number      Commodity/Service Type Major Deliverable Method of Payment
     
Information technology consultation services Service Level Agreement-Implementation Deliverable (Month 1) Fixed Price - Lump Sum
     
Information technology consultation services Final RACI Matrix-Implementation Deliverable (Month 1) Fixed Price - Lump Sum
     
Information technology consultation services Project Charter-Implementation Deliverable (Month 1) Fixed Price - Lump Sum
     
Information technology consultation services Project Kickoff-Implementation Deliverable (Month 1) Fixed Price - Lump Sum
     
Information technology consultation services Project Management Plan-Implementation Deliverable (Month 2) Fixed Price - Lump Sum
     
Information technology consultation services Organizational Change Management Plan-Implementation Deliverable (Month 4) Fixed Price - Lump Sum
     
Information technology consultation services Security Plan-Implementation Deliverable (Month 3) Fixed Price - Lump Sum
     
Information technology consultation services Project Schedule-Implementation Deliverable (Month ) Fixed Price - Lump Sum
     
Information technology consultation services Data Conversion Plan-Implementation Deliverable (Month 5) Fixed Price - Lump Sum
     
Information technology consultation services Software Requirements Specification-Implementation Deliverable (Month 6) Fixed Price - Lump Sum
     
Information technology consultation services System Architecture Document-Implementation Deliverable (Month 4) Fixed Price - Lump Sum
     
Information technology consultation services Software Design Specification-Implementation Deliverable (Month 5) Fixed Price - Lump Sum
     
Information technology consultation services Requirements to Design Traceability-Implementation Deliverable (Months 3/7/11/15). Report provided... Fixed Fee / Unit Rate
     
Information technology consultation services Deployment Authorizations-Implementation Deliverable (Month 4) Fixed Price - Lump Sum
     
Information technology consultation services Data Conversion Processes-Implementation Deliverable (Month5) Fixed Price - Lump Sum
     
Information technology consultation services Test Plan-Implementation Deliverable (Month 3) Fixed Price - Lump Sum
     
Information technology consultation services Test Scenarios-Implementation Deliverable. Reports provided in Months 4/8/12/16. (4 payments @ $1... Fixed Fee / Unit Rate
     
Information technology consultation services Design to Test Traceability-Implementation Deliverable. Reports delivered in months 5/9/13/17. (4 ... Fixed Fee / Unit Rate
     
Information technology consultation services Integration Test Results-Implementation Deliverable (Month 16) Fixed Price - Lump Sum
     
Information technology consultation services User Acceptance Test Scenarios-Implementation Deliverable. Report provided in months 6/10/14/18. (... Fixed Fee / Unit Rate
     
Information technology consultation services User Acceptance Test Results-Implementation Deliverable. Reports provided in months 6/10/14/18. (4... Fixed Fee / Unit Rate
     
Information technology consultation services Data Conversion Final Results-Implementation Deliverable (Month 18) Fixed Price - Lump Sum
     
Information technology consultation services Implementation Plan-Implementation Deliverable. (Month 16) Fixed Price - Lump Sum
     
Information technology consultation services High Availability Plan-Implementation Deliverable. (Month 4) Fixed Price - Lump Sum
     
Information technology consultation services Disaster Recovery Plan-Implementation Deliverable. (Month 4) Fixed Price - Lump Sum
 Displaying 1 to 25 of 44     1 2 Next  Last


Payments are also referred to as expenditures (creating or incurring a legal obligation to disburse money) or disbursements (the payment of expenditures). Payments include disbursements and accounting adjustments made on a contract. Payments are always positive amounts while accounting adjustments may be positive or negative depending on the type of adjustment.

Payment Details

"Date" in the listing below indicates the date the payment voucher was recorded in the system, not the date the payment was issued.
More Fiscal Year Total Amount
     
2025-2026 $1,295,666.50
     
2024-2025 $4,037,586.75

If a payment or adjustment to a contract was made before July 1, 2012, the information may not be posted in this system.

Contract Documents


Click on the pdf icon or Agency Document Link to view the document
Document Type Document Reference # Executed Date Document Add Date Agency Document Link View
Original Contract Original Contract - F0176 08/27/2024 9/4/2024 2:02:55 PM
Procurement Original Contract - F0176 9/4/2024 2:05:09 PM
Amendment A1 03/09/2026 3/10/2026 12:06:58 PM


Audit results posted prior to June 30, 2012, appear in a summarized form. As of July 1, 2012, the audit reporting process was expanded to include additional questions and comments from the Bureau of Auditing. As audits are captured in electronic format, they will be posted to this system. If you are interested in seeing audit reports by Fiscal Year and Agency Action Plans, please click here to navigate to the Transparency Florida Contract Audit page.

  • No audits have been conducted on this contract at this time.
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