Crypto Class 2 thru 4 Attachment 8.RFP Additional Questions Answers 20240417.xlsx
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- Attached to
- Cryptocurrency Managed Services, Class 2 - 4
- Solicitation number
- 15M50024QA4400003
About this file
This document is an attachment containing questions and answers related to a Request for Proposals (RFP) for Cryptocurrency Managed Services, Classes 2 through 4, solicitation number 15M50024QA4400003. The RFP is issued by the U.S. Marshals Service (USMS), Department of Justice, for managing and disposing of large quantities of popular cryptocurrency assets. The contract will be a single-award Indefinite Delivery, Indefinite Quantity (IDIQ) contract with a 5-year ordering period and a potential 6-month extension. The contract has an estimated ceiling of $72 million. The RFP addresses topics such as the likelihood of large orders, required training, pricing schedules, asset management and custody requirements, and the roles of key personnel. The document also includes clarifications on the estimated asset values and calculations.
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RFP Questions and Answers Attachment #8
Cryptocurrency Managed Services - Classes 2 thru 4
| Question # | RFP Section | RFP Page | Question | Answer | |
| 1 | RFP | 15 52.216-19 (2) | What is the likelihood of a single $72M order for Custody and/or Liquidation? | ||
| Would that be within a 7 day period? Would there be an option for an extension to finalize selling this larger sales goals. | The Government intends to award an Indefinite Delivery, Indefinite Quantity contract to one awardee. IDIQs contracts provide an indefinitey quantity of services for a fixed time and are used when it's not possible, above a specified minimum, to determine the precise quantity of services that the contract will require. The ceiling is part of that estimate, AS WELL AS THE QUANTITIES OF SERVICES SPECIFIED IN THE SCHEDULE, WHICH ARE ALSO ESTIMATES ONLY AND ARE NOT PURCHASED BY THIS CONTRACT. Please see FAR Clause 52.216-22 Indefinite Quantity and also PWS section 2.4.1 Standard Disposal via Exchange for additional details. | ||||
| 2 | RFP | 15 52.216-19 (2) | Although not obligated to honor single or combined orders of or exceeding $72M, how should our team best express our cabability to accept and perform a possible order size of $72M although it may take longer than the 7 days expected timeframe. | See above answer. | |
| 3 | RFP | 20, 21, 22, 25, 27, 28 | Does USMS have any provided required training or does the contrcator's internal and industry provided training satisfy that requirement? | Specific training requirement, as per PWS, will be addressed at award with the contract awardee. | |
| 4 | Attachment 1 | Pg 2 8. | With the contact maximum value of $72M, considering all non-price factors outweigh price offering, is there an undisclosed ceiling amount we should be aware of, not to exceed or is $72M the absolute ceiling? | The estimated ceiling is $72M, please see FAR Clause 52.216-22 Indefinite Quantity for more information. | |
| 5 | Attachment 4 | Pg 5 8. | Will we be receiving the Max Value of monthly managed assets in the amount of $25B value? | No. Please review Attachment #7 Pricing Schedule Rev 20240418 for applicable estimates. | |
| 6 | Attachment 6 | Pg 4 | Once Class 3-4 cryptocurrency are approved for transfer to Custody, what if they need to be swapped prior, | ||
| due to there being no support for it in wallet storage or on crypto exchanges,...can it be swapped first? | Per PWS section 2.1 Custody, the Contractor shall remain capable of taking custody, and managing, all types and quantities of cryptocurrency, described as Class 2-4 without limitation, throughout the performance of this contract. Class 2-4 assets may not be swapped until an authorization document has been received. | ||||
| 7 | Attachment 6 | Pg 10 2.4 | Is it acceptable to swap less traded cyrptocurrency for "Class 1" assets, | ||
| then store until liqudation approval or are Class 1 assets not permitted to trade within this Class 2-4 contract opportunity? | Per PWS section 2.1 Custody, the Contractor shall remain capable of taking custody, and managing, all types and quantities of cryptocurrency, described as Class 2-4 without limitation, throughout the performance of this contract. Class 2-4 assets may not be swapped until an authorization document has been received. | ||||
| 8 | Attachment 7 | Summary Sheet | Since we will be transferring all USMS assets at a single time, holding cryptocurrency for all option yrs beginning from the base year, where or how would that custody storage rate be accounted for? | The storage fee needs to be added to the storage rate (Basis Points) column. | |
| 9 | Attachemnt 7 | Base Yr and all OY Sheets | Are the estimations in column E Disposal charts suppose to be the same as the Management estimated amounts? This question is for base year and all OY sheets. | No, these estimations are different. | |
| 10 | Attachment 7 | Base yr and OY Sheets | Gas section and Travel section compensations read SOC, requesting correction if needed. | The listed SOC codes do not affect any calculations required in this attachment therefore no correction is required. |
Insert/add values as needed.
| 11 | Attachment 7 | Sheet 52.217-8 | Titled as Base Year, requesting correction if needed | Correction made. |
| 12 | Atth 3 /Atth 4 / Atth 7 | Pg 13 / pg 1 (b) / Summary sheet & 52.217-8 sheet | Calculation totals do not equal 50% of OY4, requesting correction to allow accurate pricing | Correction made. |
| 13 | PWS 5.6 | 19 | If an offeror currently has a Chief Compliance Officer, would that person be able to fill the role of key personel Compliance officer? Or is it the USMS vision that the Small Business hire a specific Compliance Officer dedicated solely to this project? | The Government intends for the potential offeror to provide the best solution for the services in question and the |
expectation under this contract is that all requirements and objectives are met as stated. The personnel allocation - to include Key Personnel - shall be made in accordance with PWS Section 5.6.3 Key Personnel.
| 14 | PWS 5.6 | 19 | Can the Compliance Officer or Security Officer be employed by a Subcontractor? | Per PWS section 1.3 Objective, this contract will assist USMS in managing and disposing of cryptocurrency assets that require the use of software and/or hardware wallets. A subcontractor may not support all assets required under this effort. As such, the key personnel must be in support of all assets, regardless of their custodial location. |
| 15 | Attachment 4 | 3 | If no current SOC Certification, what is the timeframe that the SOC II Audit will cover? | The minimum audit period for a SOC 2 Type 2 window is three months. |
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