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IBM, PwC Lose Protest Of $55M Army Audit Award

Law360, New York (October 2, 2014, 8:21 PM EDT) -- IBM Corp. and PricewaterhouseCoopers LLP lost protests challenging the U.S. Army’s $55 million contract award to Ernst & Young LLP for audit readiness support services, according to a Sept. 5 Government Accountability Office decision unsealed Thursday.

As part of the Army’s effort to overhaul its financial management processes, business rules and systems, the agency sought proposals for auditing help. The army evaluated the bids on seven factors: experience, approach to sample scenario, past performance, key personnel, transition plan, small business utilization factor and price.

The GAO...
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