FDIC's Portfolio Investment Management System Requirement
Closed Solicitation Posted
- Solicitation number
- CORHQ-24-R-0519
- Responses due
- Set-aside
- No set-aside
Opportunity facts
- NAICS code
- 513210 Software Publishers
- Place of performance
- Arlington, Virginia 22201, United States
- Points of contact
Notice details come from SAM.gov. Updated .
About this opportunity
The Federal Deposit Insurance Corporation (FDIC) is seeking a comprehensive cloud-based Portfolio Investment Management System (PIMS) to replace its current PORTIA system, with the goal of effectively managing cash, investments, and related business processes. The solicitation requires a Software-as-a-Service (SaaS) solution that meets FedRAMP Moderate authorization standards, providing capabilities for analytics, cash management, dashboard reporting, investment transaction management, and system integration. Vendors must demonstrate expertise in implementing a cloud-based system with features including role-based access controls, single sign-on, and disaster recovery capabilities. The procurement will use a firm-fixed price contract with time and materials provisions for enhancements, and requires key personnel including a Program/Project Manager, System Architect, Security Engineer, and Business Analyst. Critical dates include vendor questions due by December 9, 2024 at 1:00 PM EST, and proposal submissions due by March 6, 2025 at 1:00 PM EST.
The solicitation is not set aside for any specific small business category and is open to all qualified vendors. The incumbent system vendor is SS&C, currently managing approximately $100 billion in assets across three accounts with an expected 20 system users. While specific award values are not explicitly stated, the contract includes a base period from May 1, 2025 to April 30, 2026, with potential for future task orders under a Basic Ordering Agreement (BOA) structure. The system will primarily manage fixed income assets with no third-party interfaces currently required. All work must be performed in Arlington, VA 22201, and personnel must be U.S. citizens or legally authorized to work in the United States, with additional requirements for background investigations depending on the risk level of assigned labor categories.
Notice text
7 versions
Update #7 · Latest ·
The FDIC requires a comprehensive cloud-based investment management system to replace the current system which is called Portfolio Reporting, Trading, and Investment Analysis sytem (PORTIA). The new requirement, referred to as the "Portfolio Investment Management System" (PIMS) will provide the FDIC with capabilities to effectiviely manage cash, investments, and related business processes. See attachments for more information.
Update 2/14/2025: Amendment 5 which provides Round 2 of Questions and Answers regarding the solicitation has been attached to this contract opportunity.
The RFP due date remains unchanged at 1 p.m. Thursday, March 6, 2025.
Update #6 ·
The FDIC requires a comprehensive cloud-based investment management system to replace the current system which is called Portfolio Reporting, Trading, and Investment Analysis sytem (PORTIA). The new requirement, referred to as the "Portfolio Investment Management System" (PIMS) will provide the FDIC with capabilities to effectiviely manage cash, investments, and related business processes. See attachments for more information.
Update 2/14/2025: Amendment 4 has been issued and attached to this solicitation. The purpose of the amendment is to update the solicitation, provide questions and answers and extend the RFP due date to March 6, 2025. The previous solicitation and price schedule has been replaced with the updated solicitation and price schedule spreadsheet for this "Contract Opportunity." Question period is open until 11 a.m. Friday, February 21, 2025.
Please review the entire amendment and updated solicitation before submitting questions.
Update #5 ·
The FDIC requires a comprehensive cloud-based investment management system to replace the current system which is called Portfolio Reporting, Trading, and Investment Analysis sytem (PORTIA). The new requirement, referred to as the "Portfolio Investment Management System" (PIMS) will provide the FDIC with capabilities to effectiviely manage cash, investments, and related business processes. See attachments for more information.
Update 1/31/2025: Amendment 3 has been issued and attached to this solicitation. The purpose of the amendment is to extend the RFP due date to February 28, 2025. The solicitation is being updated and will be sent out in another amendment by the end of next week, February 7, 2025.
Update #4 ·
The FDIC requires a comprehensive cloud-based investment management system to replace the current system which is called Portfolio Reporting, Trading, and Investment Analysis sytem (PORTIA). The new requirement, referred to as the "Portfolio Investment Management System" (PIMS) will provide the FDIC with capabilities to effectiviely manage cash, investments, and related business processes. See attachments for more information.
Update 1/27/2025: Due to the number of questions received regarding the solicitation, an amendment will be issued by January 31, 2025 to extend the RFP due date to late Febrarury 2025. The amendment will also include questions and answers regarding the solicitation.
Update #3 ·
The FDIC requires a comprehensive cloud-based investment management system to replace the current system which is called Portfolio Reporting, Trading, and Investment Analysis sytem (PORTIA). The new requirement, referred to as the "Portfolio Investment Management System" (PIMS) will provide the FDIC with capabilities to effectiviely manage cash, investments, and related business processes. See attachments for more information.
NOTE: Amendment 2 was issued on December 23, 2024 to extend the RFP due date for the solicitation to 1 p.m. January 31, 2025 to allow additional time to address questions that were received from the solicitation and to provide vendors additional time to respond to the solicitation. Amendment 2 and an updated solicitation reflecting the new due date is attached is attached to this announement.
To reiterate, proposals are now due NO LATER THAN 1 PM EST, Friday, January 31, 2025
Update #2 ·
The FDIC requires a comprehensive cloud-based investment management system to replace the current system which is called Portfolio Reporting, Trading, and Investment Analysis sytem (PORTIA). The new requirement, referred to as the "Portfolio Investment Management System" (PIMS) will provide the FDIC with capabilities to effectiviely manage cash, investments, and related business processes. See attachments for more information.
NOTE: An Amendment (Amendment 1) was issued on December 6, 2024 to extend the due date for submission of questions regarding the solicitation to 12 PM EST Friday, December 13, 2024. The Amendment and the updated solicitation reflecting the change has been included in this announcement.
Questions are due by 12 PM EST Friday, December 13, 2024 and proposals are due NO LATER THAN 2 PM, Friday, January 3, 2025.
Update #1 ·
The FDIC requires a comprehensive cloud-based investment management system to replace the current system which is called Portfolio Reporting, Trading, and Investment Analysis sytem (PORTIA). The new requirement, referred to as the "Portfolio Investment Management System" (PIMS) will provide the FDIC with capabilities to effectiviely manage cash, investments, and related business processes. See attachments for more information.
Questions are due by 1 PM EST Monday, December 9, 2024 and proposals are due NO LATER THAN 2 PM, Friday, January 3, 2025.
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