Credit Modeling Support Services

Title: Credit Modeling Support Services

1. BACKGROUND

The Office of the Deputy Chief Financial Officer (DCFO) is responsible for several aspects of financial management, including preparing the accounting records of select reporting components, assessing internal controls, and performing agency-wide financial reporting and accounting policy development within the U.S. Department of the Treasury (the “Department” or “Treasury”). Within the DCFO, Credit Modeling and Analysis (CMA) provides credit subsidy modeling services and other financial analytics to both the Department as well as agencies external to the Treasury.

1. SCOPE

This PWS is intended to provide modeling and analysis for federal credit programs supported by CMA. The Contractor will support the creation, maintenance, and enhancement of re-estimate and/or formulation subsidy models, model documentation, analytical tools, and reporting for the purposes of financial statement disclosure and/or the President’s Budget.

The contractor is tasked to be available in an ad hoc role, primarily for existing Treasury credit programs subject to the Federal Credit Reform Act (FCRA).  Orders will be placed against this BPA which will detail the number of personnel required and the period of time for which the support will be needed.

1. TASKS

As described below, the contractor personnel must be able to provide the following support:

1. Design, development assistance, and maintain FCRA compliant subsidy cost estimate (formulation) and re-estimate models for loan programs under the requirements of the Act in accordance with the Office of Management and Budget (OMB) and related accounting standards guidance.
2. Plan, design, and conduct comprehensive statistically based studies of significant scope and complexity of FCRA compliant direct loan, loan guarantee programs and apply industry best practices for financial modeling.
3. Develop processes within the models to deal with data inaccuracies, incomplete data fields or other data quality issues or considerations that may arise;
4. Understand sources of data required for FCRA compliant modeled programs and conduct analysis of data to assess applicability and reliability and, if necessary, identify additional data requirements for management review for agency reporting as required by Agency management.
5. Perform re-estimate related tasks such as computing financing accounting interest calculations, single effective rates, interest rate re-estimates.
6. Support and develop responses to Independent Verification and Validation.  Contractors, audit findings, independent evaluations, presentations to OMB, and other external stakeholders, as necessary;
7. Coordinate with appropriate program or investment offices, accounting offices, and others as necessary to ensure program structure and data used to develop FCRA compliant models and related analyses are appropriate and as complete and reliable as possible.
8. Design and develop analytical tools and reporting capabilities that support portfolio risk analysis

Please see attached:

2032H324N00006 - Sources Sought Notice

2032H324N00006 - Performance Work Statement - Credit Modeling

AMENDMENT #00001 to SOURCES SOUGHT NOTICE (SSN) #2032H324N00006 CREDIT MODELING SUPPORT SEVICES

The purpose of this amendment is to add the period for questions and answers:

1. Questions and Answers

Questions regarding this SSN must be submitted via email to Vivian N. VanHorn (Vivian.N.Vanhorn@irs.gov) and Ramona L. Hanson (Ramona.L.Hanson@irs.gov) no later than 1:00PM (ET) FRIDAY, APRIL 26, 2024. Oral questions will not be accepted. Responses to questions submitted, if/as appropriate, will be responded to via an amendment to the SSN. The Government is not obligated to provide responses to any questions submitted after that date/time. All inquiries shall state in the subject line [SSN # 2032H324N00006 - QUESTIONS].

There are no further changes to this solicitation. 

See attached document: Attachment 3 – Amendment 00001.

Title: Credit Modeling Support Services

1. BACKGROUND

The Office of the Deputy Chief Financial Officer (DCFO) is responsible for several aspects of financial management, including preparing the accounting records of select reporting components, assessing internal controls, and performing agency-wide financial reporting and accounting policy development within the U.S. Department of the Treasury (the “Department” or “Treasury”). Within the DCFO, Credit Modeling and Analysis (CMA) provides credit subsidy modeling services and other financial analytics to both the Department as well as agencies external to the Treasury.

1. SCOPE

This PWS is intended to provide modeling and analysis for federal credit programs supported by CMA. The Contractor will support the creation, maintenance, and enhancement of re-estimate and/or formulation subsidy models, model documentation, analytical tools, and reporting for the purposes of financial statement disclosure and/or the President’s Budget.

The contractor is tasked to be available in an ad hoc role, primarily for existing Treasury credit programs subject to the Federal Credit Reform Act (FCRA).  Orders will be placed against this BPA which will detail the number of personnel required and the period of time for which the support will be needed.

1. TASKS

As described below, the contractor personnel must be able to provide the following support:

1. Design, development assistance, and maintain FCRA compliant subsidy cost estimate (formulation) and re-estimate models for loan programs under the requirements of the Act in accordance with the Office of Management and Budget (OMB) and related accounting standards guidance.
2. Plan, design, and conduct comprehensive statistically based studies of significant scope and complexity of FCRA compliant direct loan, loan guarantee programs and apply industry best practices for financial modeling.
3. Develop processes within the models to deal with data inaccuracies, incomplete data fields or other data quality issues or considerations that may arise;
4. Understand sources of data required for FCRA compliant modeled programs and conduct analysis of data to assess applicability and reliability and, if necessary, identify additional data requirements for management review for agency reporting as required by Agency management.
5. Perform re-estimate related tasks such as computing financing accounting interest calculations, single effective rates, interest rate re-estimates.
6. Support and develop responses to Independent Verification and Validation.  Contractors, audit findings, independent evaluations, presentations to OMB, and other external stakeholders, as necessary;
7. Coordinate with appropriate program or investment offices, accounting offices, and others as necessary to ensure program structure and data used to develop FCRA compliant models and related analyses are appropriate and as complete and reliable as possible.
8. Design and develop analytical tools and reporting capabilities that support portfolio risk analysis

...Please see attached...