Department of Transportation, Build America Bureau, Railroad Credit Assessment Portfolio Management (RCAPM) Application RRIF Program

The Federal Highway Administration's Build America Bureau has issued a Special Notice regarding a sole source justification for contract award related to the Railroad Credit Assessment Portfolio Management (RCAPM) Application RRIF Program. This Special Notice, posted on March 25, 2026, with a closing date of April 25, 2026, authorizes other than full and open competition for specialized financial analysis and credit risk modeling support services. The requirement supports the Railroad Rehabilitation and Improvement Financing (RRIF) Program and is classified under Custom Computer Programming Services (NAICS 541511) and Special Studies/Analysis-Accounting/Financial Management (PSC B547). The Federal Highway Administration justifies the sole source award to BancLab LLC under DOT Deviation No. 2025-010 and 41 U.S.C. 1901, citing the contractor's unique development and ownership of the RCAPM system. Market research determined that no other commercially available solutions could meet the requirement without extensive customization.

The primary objective of this contract is to provide continued maintenance, updates, training, and analytical support for the RCAPM system over a 23-month performance period. Key responsibilities encompass system maintenance with security remediation on defined timelines, updates to credit-subsidy modules to align with OMB requirements, in-person training delivery, subsidy scenario modeling, budget formulation and loan management support, and ongoing RRIF program administration including apportionment preparation and audit responses. While this particular notice announces a sole source award to BancLab LLC, the Government intends to recompete the requirement through full and open competition in spring 2026, which will include an Industry Day and Request for Information process. Interested contractors should note that the Contracting Officer will conduct price analysis to ensure fair and reasonable costs for the sole source award. The specific contract value and detailed technical requirements are redacted from the public notice.