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CHIPS Federal credit, portfolio management, and financial management support

Active
Federal

Contract Overview

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The Department of Commerce Office of the Director is seeking professional services to provide federal credit, portfolio management, and financial management support. The primary objective of this contract is to ensure the oversight and protection of CHIPS funds through the implementation of controls designed to mitigate fraud, waste, and abuse. The selected provider will offer specialized financial expertise in investment and lending to ensure full compliance with the CHIPS Act, the Federal Credit Reform Act of 1990, and applicable OMB Circulars. This engagement is critical for meeting OMB requirements to limit government risk regarding default losses and preparing for mandatory balance sheet audits of loan assets. Classified under NAICS code 523999, this requirement is currently listed as a forecast. Interested parties may coordinate with the point of contact, Adriana Di Rocco, regarding this procurement opportunity.

General Info

Financial and portfolio management services to oversee CHIPS funds and mitigate government risk.

NAICS

523999 - Miscellaneous Financial Investment Activities

Place of Performance

Not specified

Set-Aside

NONE

Documents

0

No documents available

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Timeline

Posted

forecast

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Organization & Contact Information

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AgencyDepartment Of Commerce → Office of the Director
Contacts1 person available
OfficeN/A
Office AddressN/A
Contacts
ADRIANA DI ROCCO

Full Description

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The contract will need to provide expertise that supports the oversight and protection of CHIPS funds and ensures controls to mitigate fraud, waste, and abuse. It shall provide financial expertise related to investment and lending necessary to fulfill statutory and regulatory legal obligations under the CHIPS Act, the Federal Credit Reform Act of 1990, and OMB Circulars. This contract fulfills OMB requirements to limit the Government's risk to default losses and to prepare for legally required balance sheet audits of loan assets.

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