Overseas Military Banking Program

Added: Mar 08, 2013 10:59 am

The Overseas Military Banking Program provides commercial banking products and services to authorized individuals stationed overseas at 76 designated DoD overseas Military Banking Facilities and through a network of 320 ATMs.

This contract was competetively awarded using a Cost plus Fixed Fee (CPFF) type contract. A CPFF contract type is appropriate for this case because the totality of the effort cannot be described in sufficient detail to allow for use of any other contract. Costs/revenues that cannot be reasonably determined include the following: Infrastructure changes required by U.S. and overseas banking regulation changes, revenues based on foreign exchange rate fluctuations, revenues based on interest rate fluctuations, facilities availability due to changes in facility renovation schedules (facilities requirements are the responsibility of the host military activity), model bank renovation expenses, operating expenses based on customer usage (e.g., card processing , checking/savings account charges, payment order charges, wire transfer fees, return check charges, etc.).