JOFOC Redacted Signatures.pdf

g) Contractor shall provide and support a platform that can dynamically route PPP Forgiveness requests in accordance with established publicly available Cares Act business rules.

h) The platform shall provide dashboarding and program metrics relevant to the PPP program as defined by the SBA.

i) Contractor shall make available a platform that can provide validation of forgiveness requests submissions to ensure lender and borrower financial calculations are accurate (as commercially reasonable) and appropriate under the publicly available Cares Act business rules and regulations.

j) Contractor shall provide updates to the platform, APIs, and relevant calculations as required to support evolving program requirements and to address bugs as they are discovered.

k) The platform shall provide API services to support lenders through advance purchase requests for PPP Loans under publicly available Cares Act business rules.

l) The platform shall support loan review by the SBA and audit requests.

m) The platform shall support two-way communication on a loan level basis between the submitting

Lender of Record and SBA for correction, audits, and related functions.

n) The platform shall allow the calculation of the loan forgiveness payment amount inclusive of interest from original day of disbursement.

o) Contractor shall provide an operational platform for Lenders to begin submission no later than 7 days following contract award.

p) Contractor shall integrate their COTS application with a preferred and recommended multi-factor credential management strategy enabling the reuse of existing credentials for SBA PPP lenders.

q) Contractor shall deploy their application in a Contractor provided AWS instance which isolates and houses only SBA and PPP Forgiveness and Advance Purchase data.

r) Contractor shall secure and protect the SBA Forgiveness and Advance Purchase Platform with AWS technologies and aligned to industry best practice related to encryption, and security.

s) All PPP loan data remains the property of SBA. Upon request by SBA, the vendor will provide a copy of the data to SBA over secure data lines. At the conclusion of this contract and upon request of SBA, all SBA data maintained by the Contractor must be destroyed.

t) The Forgiveness Platform shall implement geolocation restriction filtering to limit access to the Forgiveness Platform to the US and US territories and web application filter to prevent web application attacks against the platform.

u) The contractor shall participate in the Assessment and Authorization (A&A) Activities required to gain

v) The contractor shall prepare a Transition-Out Plan that defines all procedures to be followed at the end of this contract. The Translon-Out plan shall endure that SBA can seamlessly translon this work to another contractor if need.

The period of performance is twelve months from date of award and the estimated amount is $93,000,000.00.

4. Identification of the statutory authority permitting other than full and open competition:

41 U.S.C. 3304(a)(2), Unusual and Compelling Urgency (FAR 6.302-2)

This acquisition is conducted under the authority of 41 United States Code (U.S.C.) 253(c)(1) as set forth in Federal Acquisition Regulation (FAR) 6.302-2 Unusual and compelling urgency. An urgent and compelling need exists and following competition procedures would result in unacceptable delays.

5. A statement demonstrating the unique qualifications of the proposed contractor or the nature of the action requiring the use of the authority (FAR 6.303-2(b)(5)):

contacted the Association of Government Guaranty Lenders (NAGGL). NAGGL referred a solution which was provided by Summit Technology Group and the American Bankers Association for similar industry functions.

The Summit Technology Group declined performing directly for the Government, and directed the SBA to Goldschmitt and Associates, Inc. and Central Research, Inc. (Goldschmitt-CRI), located at 11601 Quail Ridge

Court, Reston, Virginia 20194, an SBA approved all small-business mentor protégé joint venture that is uniquely qualified as not only an authorized Summit Technology Group but also to provide specialized services over and beyond the commercial solution.

Although multiple products/vendor solutions were reviewed, Goldschmitt-CRI, LLC was the only contractor found that can provide the cloud-based COTS solution that addresses the needs of the government, as well as market needs articulated by small businesses and the wide range lending community participants. Other solutions lacked seamless integration of the borrower forgiveness application, lender review processes and forgiveness review workflows for the government. The time and cost for other vendors to develop the required features would delay implementation beyond timeframes acceptable to the government.

Goldschmitt-CRI will provide specific deliverables, contract reporting, full responsibility for the contract, system testing and performance testing, production readiness release and final UAT testing, Go Live of Analytics, dashboarding and reporting, third party penetration test, ad hoc reports and subject matter collaboration to expedite the process and reduce risk while providing access to a solution that is readily available.

Goldschmitt-CRI is an 8(a), service-disabled veteran-owned small business and a HUBZone joint venture which its small business goals.

This requirement is essential to implement the CARES Act and SBA regulations governing the PPP, including but not limited to, a detailed review of the loan data to ensure the borrower complies with the forgiveness requirements and a 90-days timeline for the SBA to process each loan forgiveness request after receipt. Failure to resolve a forgiveness request within the 90 days period puts the SBA at risk of violating the PPP legislation and not fulfilling its mission. Loan forgiveness could be requested as early as eight weeks after loan approval.

The first loans were approved on April 4, 2020. This means that the 90-days timeframe has already began for some of the loan forgiveness requests. The SBA will suffer serious injury if it is unable to comply with the statutory and regulatory timeframes established for loan forgiveness.

6. A description of efforts made to ensure that offers are solicited from as many potential sources as is practicable, including whether a notice was or will be publicized as required by FAR 5.2 and, if not, which exception under FAR 5.202 applies (FAR 6.303-2(b)(6)). .

Although multiple vendor products/solutions were reviewed, only one was found that could meet the urgent and compelling need. As stated above, the Government would be seriously injured if the SBA complies with the publicizing and response times specified in FAR 5.203. As such, the synopsis exemption at FAR 5.202(a)(2) applies. Full and open competition need not be provided for.

The justification and approval for other than full and open competition will be posted to beta.sam.gov within 30 days of award and will be available for 30 days after posting.

7. Determination by the contracting officer that the anticipated cost to the Government will be fair and reasonable (FAR 6.303-2(b)(7)).

The Contracting Officer determined the total proposed price to be fair and reasonable through a comparison of with prices obtained through General Services Administration (GSA) Contract Awarded Labor Category (CALC) and other publicly available sites containing price information for the same or similar items. Additionally, the Contracting Officer performed an analysis of other than certified cost or pricing data (as defined at 2.101) provided by the Offeror and a comparison to proposed prices within the independent Government cost estimate.

8. A description of the market research conducted and the results or a statement of the reason market research was not conducted (FAR 6.303-2(b)(8)).

The SBA performed market research by interviewing knowledgeable individuals in industry and Government regarding vendors that could potentially provide a solution to this requirement and by reviewing a listing of SBA and Government Wide Acquisition Contracts (GWACS), to include Best-In Class (BIC) acquisition solutions. Additionally, the National Association of Government Guaranty Lenders (NAGGL) was contacted. It was determined that there are no existing acquisition contracts or other vendors that have the capability to provide a product/ uirements within the timeframe needed.

9. Any other facts supporting the use of the other than full and open competition (FAR 6.303-2(b)(9)).

There are no additional facts.

10. A listing of any sources that expressed a written interest in the acquisition (FAR 6.303-2(b)(10)).

The following sources expressed a written interest in the acquisition:

a) Intuit, Inc.

b) Fiserv

c) Assembled Financial

d) Q2

e) Spark

f) Street Shares

g) Teslar Software

h) Zenoo Ltd

i) FINSYNC

j) Goldschmitt-CRI, LLC

k) Numerated Growth Technologies

l) Colson Services Corp

m) The Venture Center

11. A statement of any actions the agency may take to remove or overcome any barriers to competition, if subsequent acquisitions are anticipated (FAR 6.303-2(b)(11)).

The Government will continue to conduct thorough market research to gauge the marketplace capabilities for future requirements. The Government will seek competition of future acquisition of these services if it is found capabilities exists and time permits.