JA for Sole Source-Midland Extension Signed Revised.pdf
PDF 1 MB Posted
- Attached to
- Follow-on Loan Portfolio Servicing and Accounting Services contract to 773444-20-C-0003.
- Solicitation number
- 773444-21-C-0011
About this file
This justification and approval document describes a sole source contract award for loan portfolio servicing and accounting services. The International Development Finance Corporation requires the contractor Midland Loan Services to continue providing loan accounting, registration, reporting, and financial data services beyond the end date of an existing USAID contract. Midland is uniquely qualified due to its specialized experience and existing data systems related to the unique loan portfolios. The follow-on contract is valued at $373,906.34 and was awarded sole source to PNC Bank National Association on February 16, 2021 to provide these services while DFC transitions the work in-house.
View the file
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
Justification and Approval for Sole Source
1. Identification of the agency and contracting activity.
2. Nature and/or description of the action being approved.
3. Description of the supplies or services required to meet the agency’s needs (including the estimated value).
a. Project title.
b. Project description.
• Requirement type. Check the appropriate box:
Research & development (R&D) R & D support services Support services (non-R&D) Supplies/equipment Information technology (IT) Construction Architect-engineer (A & E) services Design-build Other (specify): ____________________
• Type of action. Check the appropriate box:
New requirement Follow-on Other (specify): ______________________
• Proposed contract/order type. Check all that apply:
Firm-fixed-price Other fixed-price (specify, e.g., fixed-price award-fee, fixed-price incentive-fee): __________ Cost-plus-fixed-fee Other cost reimbursement (specify, e.g., cost-plus-award-fee, cost-plus-incentive-fee): ___________ Time and materials Indefinite delivery (specify whether indefinite quantity, definite quantity, or requirements): ___________ Other (specify): ___________ Completion Form Term form
• Contract / Purchase Order number.
c. Total estimated dollar value and performance/delivery period.
d. Demonstration that the proposed contractor(s) unique qualifications or the nature of the acquisition requires use of the authority cited.
4. Identification of the statutory authority permitting other than full and open competition.
This acquisition is conducted under the authority of 41 United States Code (U.S.C.) 3304(a)(__) as set forth in Federal Acquisition Regulation
(FAR) 6.302- __.
This acquisition is conducted under the authority of section 4202 of the
Clinger-Cohen Act of 1996.
This acquisition is conducted under the authority of the Services
Acquisition Reform Act of 2003 (41 U.S.C. 428a).
This acquisition is conducted under the authority of
__________________________________ as set forth in
5. Description of the efforts made to ensure that offers are solicited from as many potential sources as practicable. Indicate whether a FedBizOpps notice was or will be publicized as required by FAR Subpart 5.2 and, if not, which exception under FAR 5.202 applies.
6. Determination by the Contracting Officer that the anticipated cost/price to the Government will be fair and reasonable.
7. Description of the market research conducted (see FAR Part 10) and the results, or a statement of the reasons market research was not conducted.
9. Any other facts supporting the use of other than full and open competition.
10. Listing of sources, if any, that expressed, in writing, an interest in the acquisition.
11. Statement of the actions, if any, the agency may take to remove or overcome any barriers to competition before any subsequent acquisition for the required supplies or services.
12. DFC office certification.
This is to certify that the portions of this justification that have been developed by the undersigned office personnel, including supporting information and/or data verifying the Government’s minimum needs, schedule requirements and other rationale for other than full and open competition, are accurate and complete.
Official Name & Title Signature Date
Technical Cognizance
Supervisor / Manager
13. Contracting Officer Certification.
This is to certify that the justification for the proposed acquisition has been reviewed and that to the best of my knowledge and belief the information and/or data provided to support the rationale and recommendation for approval is accurate and complete.
Official Name & Title Signature Date
Contracting Officer
14. Managing Director, Office of Acquisition signature(s).
Official Name & Title Signature Date
Managing Director, Office of Acquisition
| Justification and Approval for Sole Source (J&A) (Template) |
| Justification and Approval for Sole Source |
| ADPBC24.tmp |
| Justification and Approval for Sole Source (J&A) (Template) |
| Justification and Approval for Sole Source |
| Please Provide the Federal agency, Sponsoring Organization/Unit: United States International Development Finance Corporation (DFC), Office of Finance and Portfolio Management proposes to acquire services for the servicing of its portfolio of loans and loan guarantees extended to foreign governments and foreign nongovernmental entities transferred to the DFC from USAID pursuant to the BUILD Act as well as the Sovereign Loan Guarantee portfolio administered by DFC on behalf of the USAID pursuant to the provisions of the BUILD Act. |
| Provide a brief (i: |
| e: |
| , half-page or less) narrative description of the project: Loan Accounting and Reporting; Registration and Transfer of Securities: The contractor must act as registrar, paying and transfer agent (functions as Paying and Transfer Agent, in connection with a Housing Guaranty borrowing; Maintenance of Documents; Financial Reporting: The contractor shall establish and maintain a computerized, loan-related and transactional-based accounting system to provide input from this data base to the agency's automated accounting system and to prepare timely and accurate reports; Treasury Report on Receivables (TROR); U.S. Treasury Foreign Credit Reporting System (FCRS); Annual Confirmation as directed by DFC on an annual basis; Loan Accounting System; Paris Club; Rescheduling; Financial Data: The contractor shall provide USAID all financial information from records maintained by the contractor necessary to prepare financial statements and other reports on the status of the loans. Post contract transition support to ensure smooth transition of data and materials to the DFC. |
| Enter Project Title: Loan Portfolio Servicing and Accounting Services |
| Enter Total Dollar Value & Dates of Service: Estimated - $351,000 |
Period of performance 2/7/2021 - 6/7/2021
| Please Provide the Purpose/Objective and Background: Under the BUILD Act, DFC assumed USAID’s rights and obligations in respect of its loan and loan guarantee portfolios. In addition, pursuant to the BUILD Act, DFC is to administer the USAID's Sovereign Loan Guarantee portfolio. This follow on contract is to continue these services while DFC winds down the contract and assumes the responsibilities. (Contract 77344420C0003-P00003). |
| Provide Additional Information: |
| Indefinite Quantity, Defined Quantity or Requirements: |
| Fee: |
| Federal Acquisition Regulation: |
| What Was Done to Find Other Sources: The proposed contract action is made under the terms of an existing contract that was previously synopsized in sufficient detail to comply with the requirements of 5.207 with respect to the current proposed contract action.” Since, the estimate is over the SAT, we will post the Notice of Award on betaSAM. |
| Describe the market research that was conducted or Contact with acquisition or program offices or Industry or Vendors: Market research was not conducted because the services required are to continue services during a period of transition from the existing contract. Only the existing vendor is situated to provide these services. |
| Additional Information to support the justification: Midland Loan Services' prior performance has been exemplary and affordable. |
| Any interested vendors or firms?: N/A |
| Explain How to Aviod Sole Source in the Future: N/A |
| Name & Title: William Ellett |
Managing Director Financial Management
| 2020-12-14T17:11:49-0500 | |
| WILLIAM ELLETT |
| 2020-12-21T10:13:17-0500 | |
| VICTOR VILLABROZA |
| Date: | |
| 2021-03-02T17:01:46-0500 | |
| MITAL PANCHOLI |
| Please Specify: Loan Accounting / Servicing and Related Services |
| Comp: Off |
| Unknown: Off |
| IDIQ: Off |
| T&A: Off |
| OCR: Off |
| CPFF: Off |
| OFFP: Off |
| FFP: Yes |
| Term: Off |
| New: Off |
| MOD: Yes |
| Oth: Off |
| R&D: Off |
| R&D Support: Off |
| Services: Off |
| Supplies: Off |
| IT: Off |
| Construction: Off |
| A&E: Off |
| Other: Yes |
| DB: Off |
| CCA: Off |
| 41 USC: Off |
| USC: Yes |
| USC Code: |
| FAR 6: |
| 302: |
| SARA: Off |
| USC Code Reference: FAR 6.302-1(a)(2)(ii)(B) |
| Text5: The Managing Director, Office of Acquisition, if applicable, shall indicate review of, and concurrence with, any J & A over $25,000 by providing the information required below and signing in the applicable block. |
| Please Provide the Purpose/Objective and Background 2: The contractor Midland Loan Services was under contract with the US Agency for International Development (contract AID-OAA-15-00084) to perform the services. This contract was transferred to the DFC in accordance with the transfer provisions of the BUILD Act. The contract is ending February 6, 2021 and DFC has determined that it will perform most of the services currently provided by the contractor in house. However DFC requires the contractor to continue providing the services beyond the contract end date while DFC transitions to taking on performance of the duties and converts data from Midlands systems. This project is not expected to be complete by the end date of the contract. It is also contemplated that DFC will require post-transition support to ensure DFC understands the data and materials transferred to the DFC. The work requires specialized knowledge of the subject portfolios which are unique, as well as the necessary system and data to perform the services required. The contractor, and only the contractor, has the data, system, and unique experience necessary to immediately perform these services during this period of transition away from the contract. |
| Name & Title2: Allan Villabroza |
| Name & Title3: Mital Pancholi |
| Name & Title4: |
| Please Provide PO Number: |
| Provide a statement Price: As the contracting officer's representative, I am confident that the anticipated price will be fair and reasonable, |
File details come from the government source that posted it. Updated .