FEI Consulting

What FEI Consulting does

FEI Consulting, LLC is a Virginia-based, privately held multidisciplinary consulting firm established in 2008 by Lance Morrell, a former World Bank Lead Operations Officer with over 22 years of institutional experience. The firm provides expert advisory services to governments and international development partners across more than 70 countries, with operating concentration in Sub-Saharan Africa, the Middle East, and East Asia, and incremental expansion into the Caribbean, South Asia, and Eastern Europe. Service lines span public financial management, municipal finance, governance and operational risk assessments, integrated financial management information systems (IFMIS), economic analysis, infrastructure development and finance, sustainable utilities (water/electricity creditworthiness and non-revenue water reduction), institutional capacity development, decentralization and local government reform, public-private partnership (PPP) transaction advisory, and E-government/E-governance.

The business model is project-based professional services consulting delivered on fixed-price contracts and time-and-materials engagements with multilateral development institutions (World Bank, Millennium Challenge Corporation, UNDP), bilateral donors (USAID, DFID), and national and municipal governments. FEI is structured around a roster of senior specialists — predominantly former World Bank staff and senior practitioners with 25-35+ years of experience each — and competes for institutional contracts through competitive procurement processes and as a sub-consultant on teams led by larger firms such as PWC India, MWH Americas, and R.J. Burnside International. The firm does not develop proprietary technology products and revenue is not publicly disclosed; ownership and management remain with founder Lance Morrell, with no recorded external funding, parent company, or subsidiaries.

Name

FEI Consulting

Legal name

FEI Consulting, LLC

Website

https://fei-consulting.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

FEI Consulting is a Virginia-based boutique advisory firm, founded in 2008 by former World Bank staff, providing public financial management, municipal finance, infrastructure, and water utility advisory services to governments and multilateral development institutions across 70+ countries.

Ownership category

akta.pro rank

Product category

International Development Consulting

NAICS

Management Consulting Services (54161), Administrative Management and General Management Consulting Services (541611)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Public Sector & Policy Consulting (BPAHACAN)

akta.pro secondary industries

Financial Management & Performance Improvement Consulting (BPAHACAF), Operations & Process Improvement Consulting (BPAHACAB)

Keywords

• International development consulting
• Public financial management
• Municipal finance advisory
• Infrastructure development consulting
• Institutional capacity building

Headquarters

HQ city

Fairfax

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Travel or Project Delivery

Revenue model

1. Consulting Services: FEI Consulting generates revenue through project-based consulting engagements with governments, multilateral development institutions, and bilateral donors. Revenue is earned through fixed-price contracts, time-and-materials arrangements, and advisory service agreements with clients including the World Bank, Millennium Challenge Corporation, UNDP, and national governments.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

FEI Consulting is a boutique international development advisory firm that helps governments and development partners address policy, regulatory, and institutional development issues. Its services span public financial management, municipal finance, governance and operational risk assessments, IFMIS advisory, economic analysis, infrastructure development and finance, sustainable utilities, institutional capacity development, decentralization support, PPP transaction advisory, and e-government/e-governance. Engagements are delivered through senior expert consultants to ministries, development banks, and water utilities across more than 70 countries.

Product overview

FEI Consulting is a multidisciplinary consulting firm offering advisory services rather than a software product company. The firm provides a portfolio of consulting services spanning public financial management, municipal finance, governance assessments, integrated financial management information systems (IFMIS) advisory, economic analysis, infrastructure development, sustainable utilities advisory, institutional capacity development, decentralization support, public-private partnership (PPP) transaction advisory, and E-government/E-governance services. These services are delivered through expert consultants to governments and development partners across more than 70 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Public Financial Management Advisory Services Advisory services that strengthen public financial management systems including budget formulation, execution, accounting, and reporting capabilities, delivered to governments and development partners.
• Municipal Finance Advisory Services Consulting services to strengthen municipal financial management systems and support local governments in improving governance, creditworthiness, and service delivery capacity.
• Governance & Operational Risk Assessment Services Professional services addressing fraud prevention, corruption-risk analysis, compliance systems, and procurement strengthening for government agencies and development partners.
• Integrated Financial Management Information Systems (IFMIS) Advisory Advisory on procurement and implementation of IFMIS solutions to help governments manage financial processes and improve accountability.
• Economic Analysis Services Infrastructure economics evaluation, project assessment, and minimum cost investment planning delivered to governments and development partners.
• Infrastructure Development & Finance Advisory Advisory on infrastructure project planning, project finance, value capture mechanisms, and local economic growth strategies for governments and development partners.
• Sustainable Utilities Advisory Advisory to help water and sanitation utilities become creditworthy and access commercial financing, including tariff analysis, operational improvements, and turnaround assessments.
• Institutional Capacity Development Services Organizational analysis, service delivery improvement planning, and training programs for government agencies and development partners.
• Decentralization & Local Government Advisory Advisory on public sector decentralization strategy, local government capacity building, and service delivery improvement for governments and development partners.
• Public-Private Partnership (PPP) Transaction Advisory Advisory on structuring PPPs, incentive scheme design, procurement, and transaction facilitation for infrastructure and service delivery in the water and broader infrastructure sectors.
• E-government / E-governance Advisory Services Advisory on digital modernization, ICT infrastructure, e-governance strategy development, and implementation of government systems for ministries and agencies.

Quantifiable outcome

• Successfully completed creditworthiness assessments for 11 municipalities in Turkey
• +2 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered minor and core.

• R.J. Burnside International (Canada)minorImplementation/ SI/ Consulting Partner · 1 January 2023R.J. Burnside International partnered with FEI on the Jamaica NRW Reduction project to implement a performance-based contract for non-revenue water reduction.
• Merit Risk (Turkey)minorImplementation/ SI/ Consulting Partner · 1 January 2022Merit Risk partnered with FEI on the Municipal Creditworthiness Assessments project in Turkey, implemented in partnership under the World Bank-funded Sustainable Cities Project II.
• EFICONminorImplementation/ SI/ Consulting Partner · 1 January 2017FEI worked in association with EFICON to conduct a mid-term review of Uganda's Financial Accountability Program (FINMAP).
• PWC IndiacoreStrategic or Co-development Partner · 1 January 2016FEI has been part of teams led by PWC India for World Bank assignments including the creditworthiness academy for water utilities and establishing regulatory frameworks for urban water supply and sanitation in Bangladesh.
• Telecom/Telematique Inc. (TTI)minorImplementation/ SI/ Consulting Partner · 1 January 2016FEI was part of a team led by TTI providing technical assistance to the government of Romania for ICT resource alignment and integration.
• MWH AmericascoreStrategic or Co-development Partner · 1 January 2015FEI is part of teams led by MWH Americas providing technical assistance to MCC on water and urban sector strengthening in Sierra Leone and Zambia. Also collaborated on MCC Multiple Award BPA.
• World BankcoreImplementation/ SI/ Consulting Partner · 1 January 2008FEI Consulting was founded by former World Bank staff and maintains ongoing consulting relationships with the World Bank. Team members have worked as staff members and consultants to the World Bank. The firm has been contracted for numerous World Bank-funded projects including creditworthiness assessments, utility assessments, PPP structuring, and institutional development assignments.
• UNDPcoreImplementation/ SI/ Consulting Partner · 1 January 2008FEI provides consulting services to UNDP on decentralization, local governance, and service delivery projects. The firm completed a diagnostic assessment of decentralization in Lesotho and conducted National and Local Level Service Delivery Surveys for UNDP.
• Millennium Challenge Corporation (MCC)coreImplementation/ SI/ Consulting Partner · 1 January 2008FEI was selected as one of four firms for MCC's Multiple Award Blanket Purchase Agreement for Water, Sanitation and Irrigation support. The firm provides technical assistance to MCC compacts in Sierra Leone and Zambia, and developed a Toolkit for developing creditworthy water utilities.
• USAIDminorImplementation/ SI/ Consulting Partner · 1 January 2008FEI team members have experience as consultants to USAID and team member Janet Schulman brought USAID experience to the firm. The firm has worked on development projects that may include USAID-funded activities.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• AECOM: Global infrastructure consulting firm with a development advisory arm (including former ECA/PADCO) that competes for World Bank, MCC, and USAID infrastructure and governance work at a much larger scale than FEI.
• Tetra Tech: Large engineering and development consulting firm with a major international development practice covering water, governance, and infrastructure — broader portfolio but overlapping with FEI on MDB-funded water utility and governance projects.
• WSP (formerly Louis Berger): Global professional services firm with a development practice (built on Louis Berger) providing PFM, infrastructure, and institutional reform advisory to MDB and donor clients across developing countries.
• Deloitte (Global Development Advisory): Big Four firm with a dedicated development advisory practice serving MDBs, governments, and donors on PFM, governance, and institutional reform — broader portfolio but competes for the same RFPs FEI bids on.

Direct peers

• RTI International: Nonprofit research institute with a substantial international development division serving USAID, MCC, and World Bank clients on governance, infrastructure, and capacity building — directly comparable to FEI's institutional development practice.
• Nathan Associates: US-based economic and development consulting firm with deep World Bank/USAID ties, providing policy, regulatory, and institutional advisory to governments in developing countries — closely comparable to FEI's public financial management and municipal finance work.
• Cardno International Development: International development consultancy delivering economic development, governance, and infrastructure advisory to MDB and bilateral clients across emerging markets — closely comparable boutique-to-mid-size peer.
• Palladium International: Global development consulting firm focused on public financial management, governance, and economic reform in emerging markets — competes with FEI on the same World Bank and bilateral donor RFPs.
• IMC Worldwide: UK-headquartered infrastructure and development consultancy specializing in municipal finance, PPPs, and institutional reform in developing economies — competes with FEI for similar World Bank and DFID assignments.
• DAI Global LLC: Large international development consulting firm delivering advisory, capacity building, and infrastructure support to governments and donors worldwide; directly comparable in client base (World Bank, USAID, MCC) and service portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FEI Consulting