CORHQ-24-R-0519 A0004 Update Solicitation Extend Due Date.pdf

AMENDMENT OF SOLICITATION/MODIFICATION OF AWARD

1. CONTRACT ID CODE

2. AMENDMENT/MODIFICATION NO. 3. EFFECTIVE DATE 4. REQUISITION/PURCHASE REQ. NO. 5. PROJECT NO. (If applicble)

7. ADMINISTERED BY (If other than Item 6) CODE

FDIC 3700/56 (3-08)

FACILITY CODE

9A. AMENDMENT OF SOLICIATION NO.

9B. DATED (SEE ITEM 11)

10A. MODIFICATION OF CONTRACT/ORDER NO.

10B. DATED (SEE ITEM 11)

11. THIS ITEM ONLY APPLIES TO AMENDMENTS OF SOLICITATIONS

The above numbered solicitation is amended as set forth in Item 14. The hour and date specified for receipt of Offers is extended, is not extended.

Offer must acknowledge receipt of this amendment by signing in Block 15b below and including the signed amendment with the offeror's proposal.

12. N/A

13. THIS ITEM ONLY APPLIES TO MODIFICATION OF CONTRACTS/ORDERS.

IT MODIFIES THE CONTRACT/ORDER NO. AS DESCRIBED IN ITEM 14.

CHECK ONE A. THIS CHANGE ORDER IS ISSUED PURSUANT TO THE CHANGE ORDERS CLAUSE

B. THIS MODIFICATION IS ENTERED INTO PURSUANT TO THE AUTHORITY OF THE FDIC CONTRACTING OFFICER

C. THIS MODIFICATION IS ENTERED INTO PURSUANT TO MUTUAL AGREEMENT OF THE PARTIES

D. OTHER (Specify type of modification and authority)

E. IMPORTANT: Contractor is not, is required to sign this document and return copies to the issuing office.

Except as provided herein, all terms and conditions of the document referenced in Item 9A or 10A, as heretofore changed, remain unchanged and in full force and effect.

15C. DATE SIGNED

15A. NAME AND TITLE OF SIGNER (Type or print)

16C. DATE SIGNED

16A. NAME AND TITLE OF CONTRACTING OFFICER (Type or print)

14. DESCRIPTION OF AMENDMENT/MODIFICATION

PAGE OF PAGES

6. ISSUED BY CODE

8. NAME AND ADDRESS OF CONTRACTOR (No., street, county, State and ZIP Code) (X)

CODE

15B. CONTRACTOR/OFFEROR

(Signature of person authorized to sign)

16B. UNITED STATES OF AMERICA

(Signature of Contracting Officer)

CORHQ-24-R-0519 / 0004

NONPUBLIC//FDIC BUSINESS

FDIC 3700/56 (3-08) Block 14, Description of Amendment/Modification

The following are updates made to the solicitation:

1. This requirement will be awarded as a basic ordering agreement (BOA) and not a contract. This will be a single award BOA. The first task order will be issued immediately following award of the BOA.

2. The Section B – Price Schedule has been updated (See page 4), Offerors can provide alternative labor rates using the blank rows under the “Labor Category” section of the price schedule. Offerors can also complete the Section B – Price Schedule spreadsheet. Boxes highlighted “yellow” in the spreadsheet are for offerors to fill out.

3. Section F – Deliveries or Performance, clause 7.3.1-12 – Period of Performance has been updated from the following:

“The Initial Period of Performance begins on February 1, 2025 and expires on January 31, 2026.

If all option periods are exercised, the final expiration date is January 31, 2031.

See clause 7.5.5-01, Option Period.”

to the following:

“The period of performance begins on May 1, 2025 and expires on April 30, 2026.”

4. Section M – Evaluation Factors for Award, provision 7.3.2-22 – Evaluation of Pricing has been updated from the following:

“Price proposals will be evaluated with respect to completeness and reasonableness. The Contracting Officer may also evaluate the Overall Evaluated Price (OEP) for each offeror.

Completeness. Offerors must submit their proposed prices in accordance with the Pricing Schedule. Offerors must submit fully loaded labor rates, as applicable. Offers failing to propose a price for all mandatory labor categories or items may receive no further consideration and may be eliminated.

Reasonableness. FDIC will evaluate prices using one or more of the following techniques.

(a) Comparing the proposed prices to those of other offerors.

(b) Comparing the proposed prices to FDIC's independent estimate and those in other FDIC contracts.

(c) Comparing the proposed prices to the prices in the company's GSA Schedule or commercial price list.

Prices that are extreme (i.e., too high) may be judged unreasonable.

Overall Evaluated Price (OEP): The OEP will be computer based on the total of the following:

(a) The offeror’s proposed labor rates or item pricing for each category multiplied by the specified level of effort or extended unit pricing as appropriate.”

to the following:

“Price proposals will be evaluated with respect to completeness and reasonableness. The Contracting Officer may also evaluate the Overall Evaluated Price (OEP) for each offeror.

Completeness. Offerors must submit their proposed prices in accordance with the Pricing Schedule. Offerors must submit fully loaded labor rates, as applicable. Offers failing to propose a price for all mandatory labor categories or items may receive no further consideration and may be eliminated.

Reasonableness. FDIC will evaluate prices using one or more of the following techniques.

(a) Comparing the proposed prices to those of other offerors.

(b) Comparing the proposed prices to FDIC's independent estimate and those in other FDIC contracts.

(c) Comparing the proposed prices to the prices in the company's GSA Schedule or commercial price list.

Prices that are extreme (i.e., too high) may be judged unreasonable.

Overall Evaluated Price (OEP): The OEP will be computed based on the firm-fixed total of the following:

(a) Cloud Migration Planning & Execution (IAW Section 2 of SOW)

(b) Cloud Service Subscription and/or Licensing (IAW Section 2 of SOW)

(c) Post Migration - Managed Cloud Services and Admin Support (IAW Section 2 of SOW)

(d) PIMS Operation and Maintenance (IAW Section 2.2 of SOW)”

3. Section L – Instructions, Conditions & Notices to Offerors, provision 7.3.2-15 Mission Capability – Proposal Instructions has been updated to incorporate the following language, “Propose a technical approach to keep environments (i.e. DEV, QA, and PROD) isolated from one another, and shall maintain code quality, stability, and security of those environments in accordance with industry standards.”

4. The following clauses/provisions have been added to the solicitation:

• Section G – Contract Administration Data, clause 7.5.13-07 – Compensation Ceiling – BOA or

BPA

• Section H – Special Contract Requirements, clause 7.3.2-36 – Task Order

• Section I – Contract Clauses, clause 7.3.2-71 – FDIC Contracting Capacity –

BOAs/RBOAs/BPAs

• Section I – Contract Classes, clause 7.5.6-03 – Subcontracting Reporting (BOAs/RBOAs/BPAs)

Full text of the four clauses above can be found beginning on page 5 of this Amendment.

5. The following clauses/provisions have been removed from the solicitation:

• Section F – Deliveries or Performance, clause 7.5.5-01 – Option Period

• Section I – Contract Clauses, clause 7.5.5-02 – Notice of Exercise of Option Period

• Section I – Contract Clauses, clause 7.5.6-02 – Subcontracting Reporting

• Section I – Contract Clauses, clause 7.5.13-04 – Payment Under Time and Material Awards

6. Provide Questions and Answers regarding the solicitation (beginning on page 7 of this Amendment)

NONPUBLIC//FDIC BUSINESS#

Item # Goods Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 0001 Cloud Migration Planning &

Execution (IAW Section 2 of SOW)

0002 Cloud Service Subscription and /or Licensing (IAW Section 2 of SOW)

0003 Post Migration - Managed Cloud Services and Admin Support (IAW Section 2 of SOW)

0004 PIMS Operation and Maintenance (IAW Section 2.2 of SOW)

0005 Optional Labor-Hour Support for customization and enhancements (IAW Section 2.3 of SOW)

See Below See Below See Below See Below See Below See Below

00051 Program/Project Manager $ $ $ $ $ $ 00052 System Architect $ $ $ $ $ $ 00053 Security Engineer $ $ $ $ $ $ 00054 Business Analyst $ $ $ $ $ $ 00055 $ $ $ $ $ $ 00056 $ $ $ $ $ $ 00057 $ $ $ $ $ $ 00058 $ $ $ $ $ $

Technical Point of Contact:

Company:

Telephone#:

Email Address:

Fixed Hourly Rate - Year 1 Fixed Hourly Rate -

Year 2 Fixed Hourly Rate -

Year 3 Fixed Hourly Rate -

Year 4 Fixed Hourly Rate - Year

PIMS Basic Ordering Agreement (BOA) Price Schedule

Fixed Hourly Rate - Year

Item # Labor Category

Additional Provision/Clauses Incorporated

Section G – Contract Administration Data

1. 7.5.13-07 – Compensation Ceiling – BOA or BPA – September 2024

In no event will total FDIC compensation to Contractor for any and all task orders issued under this Basic Ordering Agreement (BOA) or Blanket Purchase Agreement (BPA) exceed the sum of TBD for the entire Period of Performance, including the initial period and all options, if any. Contractor must notify the Contracting Officer, in writing, when Contractor has incurred charges to the FDIC of seventy-five percent (75%) of the total compensation ceiling amount stated above, and also each individual task order.

Section H – Special Contract Requirements

1. 7.3.2-36 – Task Order – July 2008

At any time during the Period of Performance, the Contracting Officer may send to Contractor, and any other Contractors awarded this BOA, a Request for Task Order Proposal (the "Request") describing the nature of one or more specific tasks, the structure for Contractor's offer and any other information relating to the task. Task orders under this Agreement will be awarded based using the following method(s):

Direct Award: FDIC reserves the right to issue a task order directly, outside of any rotation. A contractor receiving a direct award will be placed at the end of the queue for the next rotational award.

Section I – Contract Clauses

1. 7.3.2-71 – FDIC Contracting Capacity – BOAs/RBOAs/BPAs – July 2009

Each order issued under this BOA will identify one of the following contracting capacities in which the FDIC will be acting for the period of performance of the order.

• Corporate capacity

2. 7.5.6-03 – Subcontracting Reporting (BOAs/RBOAs/BPAs) – April 2022

For every task order in which subcontracting is approved, the Contractor must submit a subcontracting report, on a quarterly basis, addressing the following for each subcontractor:

a. Subcontractor’s Name, Address, and Unique Entity Identifier (UEI) number if the subcontractor has a UEI number. (Note: A subcontractor is considered to be any entity or person, other than an employee of the Contractor, that will receive payment from the Contractor and is a direct charge to the contract.);

b. Subcontractor’s Type of business concern [Minority Owned (including ethnicity), Women Owned, Small Business, Small Disadvantaged Business (SDB), Small Business Administration 8(a), Historically Underutilized Business Zone (HUBZone), Veteran Owned and/or Service Disabled Veteran Owned Business];

c. Estimated percentage of the contract work to be performed by the subcontractor, based on dollars (i.e., dollars to be paid to the subcontractor divided by the total award amount. (Note: Applicable only to awards with Subcontracting Plans. The percentage must match that in the Subcontracting Plan.);

d. Description of services to be performed or goods/material to be provided by the subcontractor during the report period and dates, or range of dates, performance was accomplished;

e. Compensation paid to the subcontractor during reporting period; and

f. Total compensation paid to the subcontractor cumulative to date, including all payments made from the effective date of the award.

The Contractor must provide the subcontracting report to FDIC using the FDIC Subcontracting Reporting System (SRS). The SRS is a web-based system that is accessible via the internet. The link to the current webpage that provides access to the FDIC SRS is contained in the SRS Prime Contractor User Guide. The Contractor may access a copy of the SRS Prime Contractor User Guide in the Miscellaneous section of the following webpage: https://www.fdic.gov/buying/goods/acquisition/index.html.

The subcontracting report must be submitted within 15 days after the end of each quarter (i.e., by April 15th for Quarter 1 ending March 31st , by July 15th for Quarter 2 ending June 30th, by October 15th for Quarter 3 ending September 30th, and by January 15th for Quarter 4 ending December 31st).

For awards with Subcontracting Plans, the Contractor must routinely monitor their subcontract awards and payments to ensure compliance in meeting the Subcontracting Plan goal percentages.

Solicitation Number CORHQ-24-R-0519 Portfolio Investment Management System (PIMS)

Questions & Answers

1. Volume IV - Additional Information is unclear; please clarify what FDIC would like offerors to provide for this volume.

Answer: Volume IV – Additional Information is for information that does not fall into Volumes 1

- 3 (e.g., Bank Reference & Certified Financial Statements, Information required in Section K – clause 7.3.2-46 – Integrity and Fitness Representations and Certifications, etc.

2. Can offerors propose an alternative labor mix for the requirement?

Answer: Yes, as long as the alternative labor mix satisfies the FDIC’s requirements. The Section B Price Schedule has been updated to allow offerors to provide alternative or additional labor categories.

3. Can offerors propose different hours for the proposed FTEs?

Answer: No, as stated at the bottom of the Section B – Price Schedule of the solicitation, the number of hours provided are estimates only. The estimated hours will also be used to calculate the Overall Evaluated Price (OEP).

4. How many users within FDIC will require access to the Portfolio Investment Management System?

Answer: Twenty users.

5. The names and titles are left blank under the Key Personnel clause. Are offerors required to complete this section and include it in our proposal? If so, which volume should this page be included on?

Answer: Offerors are required to complete the Name and Title sections of clause 7.3.2-43 - Key Personnel and submit as part of Volume 1 – Mission Capability. See Section L provision 7.3.1-15

– Mission Capability.

6. The RFP states, “Subcontracting is permitted under this solicitation; however, markup of the subcontractor labor rates by the prime contractor is not permitted.” Does this mean the prime contractor must charge the government the exact labor rate billed by the subcontractor?

Additionally, can the prime contractor include general and administrative (G&A) costs in the rate charged to the government for subcontracted positions?

Answer: This will be a fixed-price contract base on fixed hour rates provided for each proposed and required labor categories . In accordance with (IAW) clause 7.3.2-22 – Evaluation of Pricing, Offerors must submit fully loaded labor rates as applicable. Any subsequent modifications may be assessed to determine whether the proposed level of effort is reasonable.

7. What system does the PIM software need to integrate with to receive securities prices? Would this be the same system that the PIM software would purchase overnight securities from?

Answer: Hub Data

8. Will the Government extend the page limit for the Technical volume?

Answer: No

9. Will the Government exclude resumes and Letters of Commitment from the page count?

Answer: IAW 7.3.2-15(b) – Mission Capability Key Personnel, each resume shall be no more than three (3) pages in length.

10. What timeframe qualifies as "recent" for the purposes of this solicitation under clause 7.3.2- 16 – Past Performance?

Answer: Within the last five years.

11. What does FDIC use for its accounting system?

Answer: New Financial Environment (NFE), an Oracle PeopleSoft platform

12. Will the Government extend the submission deadline to account for the holiday period and allow more time for offerors to incorporate Q&A responses?

Answer: Yes, in an Amendment.

13. Is your current PIMS system a COTS product? If so, what is the name of the COTS?

Answer: Yes, Portfolio Reporting Trading & Investment (PORTIA)

14. What is the detailed technical architecture of the current system?

Answer: See below

15. What are the current SQL Server database specifications?

Answer: SQL 2019

16. How is ODBC authentication currently implemented?

Answer: PORTIA and PORTIA Admin require the configuration of two supporting ODBC System DSN records. One is used for native SQL login access (for the bootstrap/security & mixed authentication logins) and the other for Windows Integrated account access. ODBC is authenticated with an NT account using SSO, no password. It uses 32-bit ODBC.

17. What FedRAMP-moderate controls are currently in place?

Answer: None. The PORTIA software is hosted on FDIC premises.

18. What is the expected timeline for completing the SSA process?

Answer: Please see below for estimated timelines.

19. To perform analytics, will you need to ingest external data on an ad hoc basis?

Answer: Yes, for us to compare against industry or market trends and standard industry benchmarks, outside data will be needed.

20. What are the calculation requirements for projected coupons?

Answer: Projected coupons will be calculated from the respective held security data for each holding in the portfolio. We can share a report.

21. Will you import/export data to a centralized warehouse or cloud-based data lake?

Answer: Yes

22. What is the current process for auto-populating remaining cash?

Answer: There is no process for auto-populating remaining cash. We enter cash transactions into Portia to balance the cash in the portfolio.

23. How are overnight securities purchases processed?

Answer: Securities are purchases in FedInvest and manually entered into Portia.

24. What key metrics must be displayed on dashboards?

Answer: We will provide a report that we currently use for reporting. However, there will may additional metrics added and we cannot pin point them at this juncture.

25. What are the data visualization requirements?

Answer:

26. What is the workflow for payment voucher processing?

Answer: It is currently a manual process.

27. How are block buys managed across portfolios?

Answer: Block buys are a function of the current system and are used only for DIF and FRF.

Only US Treasury One day securities are purchased. They may not be required based on new technology and system functionality.

28. Is your Bloomberg solution web based or terminals?

Answer: We have a Bloomberg terminal.

29. What is the HubData integration requirement?

Answer: An automated data exchange.

30. How is FedInvest transaction data integrated?

Answer: It is currently not integrated; users manage (includes buying, selling, and maturing) securities in the FedInvest application and manually record the securities in PORTIA.

31. Do you have a preferred reporting toolset like PowerBI/Tableau?

Answer: No, we want flexibility.

32. What are the role-based access control requirements?

Answer: Currently, there are two types of user roles: USER and ADMIN.

33. What are the audit logging requirements?

Answer: See sections 3.3.8, 3.3.9, and section 7 – Deliverables of SOW.

34. What are the mobile device access requirements?

Answer: Application shall be accessed from an FDIC-issued iPhone using a Safari or MS Edge browser.

35. Will FDIC consider including a Surge CLIN for data migration?

Answer: No

36. Is data migration expected to be FFP or T&M?

Answer: FFP

37. What is the total volume of data to be migrated?

Answer: See below

38. What are the specific retention policy requirements?

Answer: Retention policies vary. 3, 7 years and indefinite when applicable.

39. What are the RTO/RPO requirements?

Answer: There are no requirements for RTO/RPO.

40. What is the required frequency of DR testing?

Answer: Every quarter.

41. What types of training materials must be provided?

Answer: Written/electronic documents must be provided as well as hands on training.

42. What is the expected scope of user training?

Answer: See section 3.7 of SWO, Training Requirements.

43. What environments are required (Dev/Test/Prod)?

Answer: Three environments are required: Dev, Test and Prod.

44. What are the environment separation requirements?

Answer: The vendor shall propose a technical approach to keep environments (i.e. DEV, QA, and PROD) isolated from one another, and shall maintain code quality, stability, and security of those environments in accordance with industry standards. Provision 7.3.2-15 – Mission Capability has been updated to incorporate this requirement.

45. What browsers need to be supported?

Answer: Microsoft Edge and Google Chrome

46. Is mobile browser support required?

Answer: Yes

47. What is the expected timeline for transition?

Answer: Six months.

48. What documentation must be transitioned?

Answer: See section 3.10.1 of SOW.

49. What are the specific SLA requirements for system availability?

Answer: See appendix A, section 3.0. of SOW

50. What are the incident response time requirements?

Answer: See appendix A, section 3.0. of SOW

51. What are the resolution time requirements by severity level?

Answer: See appendix A, section 3.0. of SOW

52. Is the Application Developer position considering a key personnel role requiring submission?

Answer: Not all labor hour rates in Section B need to be considered key personnel. All labor rates require for this work (key or non-key) shall be capture in the Section B price schedule which as been updated to all offerors to provide additional or alternative labor categories.

53. If so, will a detailed job description be provided for this position?

Answer: N/A, see Question 52 for response.

54. What OMS does FDIC use today? How are trades entered and executed today?

Answer: FDIC uses FedInvest the DIF For the NLF grades are called in and verified via email.

55. If an OMS is used today, can you describe the users and groups within the platform?

Answer: N/A

56. Can you describe workflows in your current OMS?

Answer: No.

57. What are current pain points or nice-to-haves with your current OMS?

Answer: Manual daily maturity of overnights. See sections 3.1.7, 3.1.12.1, 3.1.45, and 3.1.61 of

SOW.

58. What brokers do you trade with?

Answer: We currently trade with BFS/US Treasury, Jefferies Investment Bank, and StoneX Group.

59. What custodians do you hold accounts at?

Answer: US Bank

60. Are there any front-office specific requirements we should be aware of as part of this RFP (e.g., connectivity to fixed income trading platforms like Bloomberg TSOX or Tradeweb)?

Answer: Connectivity to Bloomberg

61. For the estimated hours in Section B – Supplies or Services and Prices/Costs, how were the estimated hours put together?

Answer: The estimate hours are from our IGCE (Independent Government Cost Estimate).

62. Should we provide alternative estimates based on our product set?

Answer: No

63. SS&C as the licensing party requires utilization of our current standard licensing contract.

We will work with FDIC to determine/negotiate applicable terms. Does your policy create any objection to that path?

Answer: The solicitation includes the terms and conditions that are required under FDIC policy and/or federal law. If offerors have objections to terms or conditions, the offeror can provide a response as part of Volume 4 – Additional Information. However, the CO may consider an offeror that includes objections to the terms and conditions, as non-responsive and ineligible for award, depending on the nature and/or basis of the objection; the CO has sole discretion to make that determination.

64. How many years of data is expected to be converted? Do you need full transaction and position history or just historical performance?

Answer: Full transaction and position history. See Section 3.4.2 of the SOW.

65. The description for this section talks about Trend analytics – is this just cash flow projections or something else?

Answer: Our current Trend analytics include cash flow projections and portfolio performance reports.

66. Are there sample reports that you can share for analytics?

Answer: No

67. Could you provide clarity on the meaning of “pre-defined analytical reports?”

Answer: Does your system have “canned” reports that can be used immediately after implementation and are not customized.

68. How is this process currently being done today? Is there automated logic being used to decide what overnight securities should be purchased?

Answer: Outside analytics with excel using US Treasury data and Bloomberg data.

69. Can you please expand on/provide a little more information on DIF, FRF and NLF, and if there are specific characteristics that FDIC is looking with these portfolios?

Answer: See below.

DIF: Deposit Insurance Fund | FDIC.gov

FRF: The FDIC is the administrator of the Federal Savings and Loan Insurance Corporation (FSLIC) Resolution Fund (FRF). The FRF is a resolution fund responsible for the sale of the remaining assets and the satisfaction of the liabilities associated with the former FSLIC and the former Resolution Trust Corporation.

NLF: The National Liquidation Fund (NLF) is a concentration account that holds the cash from all active failed bank receiverships that are managed by the FDIC. The FDIC's investment strategies for the NLF include Maintaining a minimum balance of $0.25 billion in the FHLBNY overnight account. Investing excess funds in Government MMFs and agency discount notes with maturities of less than 12 months. When a bank fails, the FDIC pays insured depositors first, followed by uninsured depositors, general creditors, and then stockholders. The FDIC pays out deposits as soon as possible, with the average time from closing to payment being one to three months. However, the disbursement of uninsured funds can take several years. While the FDIC doesn't have unlimited funds, experts say that bank patrons shouldn't worry about losing their FDIC-insured money even if the fund is depleted.

70. Are the Payment Vouchers expected in pdf format? What type of payments does FDIC need these for; please provide more detail on funding and investment related activities. Also, what is the current system used for this process?

Answer: Payment vouchers are used to purchase agency discount notes in the NLF and used when transferring funds out of the DIF.

71. What type of messages would the users be creating? Are these messages driven by formulas or rules?

Answer: Messages would be driven by rules. See sections 3.1.13, 3.1.48, and 3.1.54 of SOW.

https://www.fdic.gov/resources/deposit-insurance/deposit-insurance-fund

72. Section J – List of Attachments - Page 68 – no attachments have been provided – please confirm we should use our own format.

Answer: Section J – List of Attachments (page 68) are for the Contracting Officer (CO) to add documents to the solicitation that were not already included.

73. There is a reference to Attachments C-1 PORTIA SOW – please can you elaborate what is required here?

Answer: Please refer to page 6 of the solicitation for the Statement of Work (SOW).

74. There is a reference to Attachments H-1 APGM Reference 3_209a – please can you elaborate what is required here?

Answer: Please refer to page 48 of the solicitation for clarification. Attachment H-1 APGM Reference 3.209a is in Section H of the solicitation.

75. Section B - Supplies or Services and Prices/Costs – this contains Estimated Hours for the various roles – we are assuming that we provide our estimates here rather than use the populated figures. Please can you confirm?

Answer: The Section B Price Schedule has been updated to remove “estimated hours.” Offerors would only need to provide labor rates for Optional support for customizations and enhancements. If offerors would like to add additional labor rates or provide alternative labor rates, they can do so.

76. Is a detailed response on the contractual terms and conditions that have been specified required as part of the proposal documentation?

Answer: If offerors have any objections to terms or conditions, the offeror can provide a response as part of Volume 4 – Additional Information. However, the CO may consider an offeror that includes objections to the terms and conditions, as non-responsive and ineligible for award, depending on the nature and/or basis of the objection; the CO has sole discretion to make that determination.

77. We have assumed that we will present our proposal in our own format and will provide this via PDF for the 4 sections requested – please confirm our assumption is correct.

Answer: That assumption is correct, however, part of Volume 3 – Pricing must consist of the completed Section B – Price Schedule as formatted in the solicitation.

78. What is the value of the assets currently managed on the incumbent system (PORTIA)? How are these volumes expected to change going forward?

Answer: $100 Billion. Value of the portfolio is expected to increase.

79. Are there any plans to replace the order management system (FedInvest?)?

Answer: No for the DIF we are required to use FedInvest to purchase securities.

80. Does the Pricing Schedule, Attachment B constitute Volume 3, Price Proposal? Or Should there be an additional PDF document submitted as Volume 3?

Answer: The Section B Price Schedule constitutes Volume 3 – Price Proposal. You may submit additional information to support the Section B Price Schedule, however, if the Section B Price Schedule is not submitted as part of the RFP, a proposal may be considered non-responsive and ineligible for award.

81. States that “Bank Reference & Certified Financial Statements. Offerors must provide a bank reference together with a certified Balance Sheet and Income Statement prepared by an independent auditor for the offeror, or an acceptable equivalent, for the current and preceding two (2) fiscal years.”

Can you please clarify what Volume this should be submitted with? It will not be possible to attach to Attachment B since it is an excel file. Should it be submitted in the Additional Information Volume 4, or a separate PDF Volume 3 Pricing?

Answer: It should be submitted in Volume 4 – Additional Information.

82. Is Section K Representations, Certifications and Other Statements of Offerors required for subcontractors?

Answer: See Section K Clause 7.3.2-46 – Integrity and Fitness Representations and Certifications. All questions associated with that clause will need to be completed.

83. States “Each volume of the proposal must be a separate file (PDF)…” However, the provided Attachment B is in excel format. Should we submit Attachment B as a PDF?

Answer: Section B Price Schedule can be sent in an Excel format. Offerors can also save the Excel version as a pdf.

84. States Volume I must contain: Technical Approach (15 pages), Key Personnel, and Management Plan (3 pages)

No page limit for Key Personnel section is specified. Could you please confirm if there is a page limit to the Key Personnel section?

Answer: 7.3.2-15(b) – Mission Capability Key Personnel, only page requirement refers to resumes. Each resume shall not be more than three pages in length.

85. For the Key Personnel section, should resumes and letters of commitment be included in the body of Volume I or annexed to Volume I?

Answer: Resumes and letters of commitment can be included in the body of Volume 1 or attached to it. However, those documents need to be clearly marked.

86. Details for the subcontracting plan are included on page 90 and seem to indicate the Subcontracting Plan goes into the Key Personnel section. However, page 91 states the Subcontracting plan should be included under the Management Plan, Section C. Can you please confirm if a Subcontracting Plan should be included in both sections, or if it should only be included in the Key Personnel Section or Management Plan?

Answer: Subcontracting plan requirements that are included on page 90 will be relocated to (c) Management Plan.

87. The last line on page 91 states “Submit past performance information, in the format described in paragraph (d), on up to three (3) recent contracts”. However, the RFP does not specify what is considered “recent”. Could you clarify if there is any time limit on recency (3 years, 5 years, etc.)?

Answer: Within the last five years

88. Do PPQs for subcontractors need to be submitted for past performance included in Volume 2?

Answer: (e) Performance Questionnaires, customers completing Past Performance Questionnaires (PPQs) must be sent directly to FDIC and therefore will not be included in offerors proposal submission. To be clear, any past performance information provided by the offeror with the exception of PPQs must be submitted in Volume 2 – Past Performance.

89. Locations where this requirement will be provided?

Answer: Arlington, VA

90. Number of portfolios (bottom level accounts)?

Answer: 3 but that can increase to 7.

91. Number of open positions (tax lots)?

Answer: Deposit Insurance Fund (DIF) has less than 20. The National Liquidation Fund (NLF) has less than 50.

92. Current pricing sources?

Answer: HubData

93. Current accounting system(s)

Answer: PeopleSoft

94. Current risk reporting system(s)

Answer: None

95. Current performance system(s)

Answer: None

96. Other analytics tools used?

Answer: Excel

97. Data Warehouse?

Answer: We do not have a data warehouse.

DOA/ASB

3501 Fairfax Drive Arlington, VA 22226 hamjackson@fdic.gov

(703) 562-6134 hamjackson@fdic.gov

RFP due date has been extended to 1 p.m. Thursday, March 6, 2025.