This Government Contract opportunity from United States International Development Finance Corporation was posted on March 2, 2021. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Follow-on Loan Portfolio Servicing and Accounting Services contract to 773444-20-C-0003.
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The United States International Development Finance Corporation awarded a sole-source follow-on contract to Midland Loan Services for loan portfolio servicing and accounting services. Originally under contract with the US Agency for International Development, the services were transferred to the DFC in accordance with the BUILD Act. The contractor is responsible for acting as the registrar, paying, and transfer agent for Housing Guaranty borrowing, while maintaining a computerized transactional accounting system. Key deliverables include the preparation of Treasury Reports on Receivables, U.S. Treasury Foreign Credit Reporting System data, annual confirmations, and financial information necessary for the preparation of financial statements and reports on loan status, including Paris Club rescheduling. This specific award, valued at approximately 351,000 dollars, covers a performance period from February 7, 2021, to June 7, 2021. The extension is necessary because the DFC intends to bring most of these services in-house but requires the contractor to maintain operations during the data conversion and transition process. Due to the specialized knowledge of the unique portfolios and the fact that the contractor maintains the proprietary systems and data, Midland Loan Services was identified as the only source capable of providing the required transition and post-transition support to ensure a smooth transfer of materials to the DFC.
General Info
Contract Value
$373,906.34Place of Performance
DC, 20257-0001, USASet-Aside
Award Issued Date
Documents
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Timeline
Submission Closed
Organization & Contact Information
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