Treasury Covid Contracts Boom Rewards Telecom, Consulting Firms

Telecommunications, information technology, law, and consulting firms won out amid a pandemic government contracting boom, as Treasury Department and IRS staff shifted to remote work, implemented massive relief laws, and handled an onslaught of calls from confused taxpayers.

AT&T Inc. and Verizon Communications Inc.—as well as Deloitte, Accenture Plc, Booz Allen Hamilton Holding Corp., and Cleary Gottlieb Steen & Hamilton LLP—were among the top recipients of the Treasury Department’s Covid-19 contract funds, according to an analysis of Bloomberg Government data.

Federal agencies have allotted more than $53 billion in contract spending related to the coronavirus, with Treasury accounting for $325.7 ...