Escrow and Investment Fund Management Support Services
Closed Solicitation Posted
- Solicitation number
- 12C0BA24R0001
- Agency
-
Rural Housing Service
Department of Agriculture
- Responses due
- Set-aside
- No set-aside
Opportunity facts
- NAICS code
- 522110 Commercial Banking
- PSC
- R711 Support- Management: Banking
- Place of performance
- Washington, District of Columbia, United States
- Points of contact
Notice details come from SAM.gov. Updated .
About this opportunity
The U.S. Department of Agriculture, Rural Development has an unrestricted requirement for Escrow and Investment Fund Management Support Services. The government is seeking a single-award, firm-fixed-price commercial contract to provide banking, custody, and investment services to manage approximately $400 million annually in escrow funds for the USDA-RD's Single-Family Housing Direct Loan portfolio. Key requirements include establishing and maintaining eight bank accounts, ensuring timely and accurate reconciliations, and providing investment services to maximize returns. Offers will be evaluated on a lowest price technically acceptable basis. Questions are due by March 29, 2024, and proposals must be submitted by April 15, 2024.
This acquisition is being conducted under FAR Parts 12 and 13, with the government intending to award a contract with a base year and four one-year option periods, plus a possible six-month extension. There is no set-aside designation. The NAICS code is 522390 - Other Activities Related to Credit Intermediation, and the PSC code is V460 - Financial and banking services. The incumbent contractor is Bank of America, whose contract expires on May 19, 2024. The place of performance is Washington, DC.
Notice text
3 versions
Update #3 · Latest ·
*** 4/4/2024 - Please see all questions submitted by interested parties and government responses.
Additionally, please see Solicitation Amendment 0001 dated 4/4/2024 attached. Please be mindful of the new quote submission deadline. All Offers/Quotes must be e-mailed to Brookelyn.Nelson@usda.gov and Ryan.Shappell@usda.gov no later than 5:00PM ET on April 19, 2024.
_________________________________________________________________________
The Department of Agriculture, Rural Development, has an unrestricted requirement for Escrow and Investment Fund Management Support Services in accordance with the attached Solicitation and incorporated Performance Work Statement.
This is a combined synopsis/solicitation for commercial products or commercial services prepared in accordance with the format in subpart 12.6, as supplemented with additional information included in this notice. This announcement constitutes the only solicitation; proposals are being requested and a written solicitation will not be issued.
The Government is conducting this acquisition in accordance with FAR Part 13 - Simplified Acquisition Procedures and FAR Part 12 - Acquisition of Commercial Products and Commercial Services. The Government intends to award a single award stand-alone firm-fixed-price commercial contract.
You are hereby invited to submit a bid package in accordance with the Instructions to Offerors of this solicitation.
Questions concerning this requirement must be e-mailed to Brookelyn.Nelson@usda.gov and Ryan.Shappell@usda.gov no later than 5:00PM ET on March 29, 2024.
All Offers/Quotes must be e-mailed to Brookelyn.Nelson@usda.gov and Ryan.Shappell@usda.gov no later than 5:00PM ET on April 15, 2024.
Update #2 ·
*** 4/4/2024 - Please see all questions submitted by interested parties and government responses.
_________________________________________________________________________
The Department of Agriculture, Rural Development, has an unrestricted requirement for Escrow and Investment Fund Management Support Services in accordance with the attached Solicitation and incorporated Performance Work Statement.
This is a combined synopsis/solicitation for commercial products or commercial services prepared in accordance with the format in subpart 12.6, as supplemented with additional information included in this notice. This announcement constitutes the only solicitation; proposals are being requested and a written solicitation will not be issued.
The Government is conducting this acquisition in accordance with FAR Part 13 - Simplified Acquisition Procedures and FAR Part 12 - Acquisition of Commercial Products and Commercial Services. The Government intends to award a single award stand-alone firm-fixed-price commercial contract.
You are hereby invited to submit a bid package in accordance with the Instructions to Offerors of this solicitation.
Questions concerning this requirement must be e-mailed to Brookelyn.Nelson@usda.gov and Ryan.Shappell@usda.gov no later than 5:00PM ET on March 29, 2024.
All Offers/Quotes must be e-mailed to Brookelyn.Nelson@usda.gov and Ryan.Shappell@usda.gov no later than 5:00PM ET on April 15, 2024.
Update #1 ·
The Department of Agriculture, Rural Development, has an unrestricted requirement for Escrow and Investment Fund Management Support Services in accordance with the attached Solicitation and incorporated Performance Work Statement.
This is a combined synopsis/solicitation for commercial products or commercial services prepared in accordance with the format in subpart 12.6, as supplemented with additional information included in this notice. This announcement constitutes the only solicitation; proposals are being requested and a written solicitation will not be issued.
The Government is conducting this acquisition in accordance with FAR Part 13 - Simplified Acquisition Procedures and FAR Part 12 - Acquisition of Commercial Products and Commercial Services. The Government intends to award a single award stand-alone firm-fixed-price commercial contract.
You are hereby invited to submit a bid package in accordance with the Instructions to Offerors of this solicitation.
Questions concerning this requirement must be e-mailed to Brookelyn.Nelson@usda.gov and Ryan.Shappell@usda.gov no later than 5:00PM ET on March 29, 2024.
All Offers/Quotes must be e-mailed to Brookelyn.Nelson@usda.gov and Ryan.Shappell@usda.gov no later than 5:00PM ET on April 15, 2024.
Files
Notice history
| Notice | Type | Posted |
|---|---|---|
| This notice | Solicitation | |
| Virtual Industry Day - Escrow and Investment Fund Management Support Services | Special Notice | |
| Escrow and Investment Fund Management Support Services | Pre-Solicitation |
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