Pool processing agent services
Ended Definitive Contract Awarded Last action
- Contract number
- DU100G15C08
- Awardee
-
Bank Of New York Mellon (The) UEI NPDVBNEAKQP7 Part of The Bank Of New York Mellon Corporation
- Awarding agency
-
Government National Mortgage Association
Department of Housing and Urban Development
- Obligated
- $194,819,571
Award facts
- Opportunity
-
- DU100G14R0008 Solicitation number
- Pool Processing Agent (PPA), Central Paying and Transfer Agent (CPTA), Platinum Trustee and Multiclass Information Agent Services Award Notice · Posted Jan 16, 2015
- Support services of processing and issuance of Mortgage Backed Securities (MBS) fully or partially guaranteed by the Federal government. Award Notice · Posted Jul 21, 2014
- Contract value 80% obligated
-
- $195,547,571.26 Current, with exercised options
- $243,422,937.72 Potential, with all options
- Completion date 100% complete
-
- Current, with exercised options
- Potential, with all options
- NAICS code
- 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities
- PSC
- R710 Support- Management: Financial
- Set-aside
- No set-aside
- Competition
- Not Competed · 1 offer Only One Source
- Pricing
- Firm Fixed Price
- Place of performance
- New York, NY 10007, USA
- Legislative mandates
-
- Clinger-Cohen Act FAR part 39
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | -$0 | |
| Close Out | -$21,368,929 | |
| Other Administrative Action | $3,600,616 | |
| Funding Only Action | $255,000 | |
| Other Administrative Action | -$255,000 | |
| Funding Only Action | $4,984,494 | |
| Exercise an Option | $48,676,907 | |
| Funding Only Action | $0 | |
| Funding Only Action | $17,469,498 | |
| Exercise an Option | $31,891,908 | |
| Funding Only Action | $0 | |
| Funding Only Action | -$728,000 | |
| Exercise an Option | $53,479,448 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $19,524,202 | |
| Original award | $37,289,429 |
Show all 17
About this award
This is a definitive contract awarded by the Government National Mortgage Association (Ginnie Mae), a civilian agency, to The Bank of New York Mellon for Pool Processing Agent Services. The contract has a ceiling value of $243,422,937.72 and a completion date of March 28, 2025. It is not a set-aside contract.
The Bank of New York Mellon is the prime contractor, and it has awarded several subcontracts to support the contract, including to A-Sa-Ma-Di (Smart) Business Solutions LLC, Lunarline, Inc., Intepros Federal Incorporated, BKW Transformation Group, Inc., and A.c.c. & Associates, LLC. The subcontractors provide a range of services, such as policy/procedure implementation, FISMA/NIST consulting, and temporary staffing.
This contract is part of Ginnie Mae's "Pool Processing Re-Compete" major program, which involves the administration and management of mortgage-backed securities. As a large financial institution, The Bank of New York Mellon has extensive experience supporting critical government financial operations and initiatives across multiple federal agencies.
Quick answers
Who was awarded contract DU100G15C08?
DU100G15C08 was awarded to Bank Of New York Mellon (The) by Government National Mortgage Association (Department of Housing and Urban Development) on January 1, 2015.
How much is contract DU100G15C08 worth?
The government has obligated $194,819,571 on DU100G15C08. Its current value, with exercised options, is $195,547,571. Its potential value, with all options, is $243,422,938.
Was contract DU100G15C08 competed?
The extent of competition for DU100G15C08 was not competed. The government received 1 offer.
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