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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.

Awarded
773444-21-C-0011Federal

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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NAICS: 522390
Federal
VA Loan Servicing
Solicitation # 36C10X27R0002
The Department of Veterans Affairs, through the Strategic Acquisition Center in Frederick, Maryland, has issued a draft solicitation for the Portfolio Loan Servicing Contract (PLSC). This firm-fixed-price contract requires a contractor to provide all resources necessary to manage loan servicing and loan sale activities, including the boarding of various loan types within seven calendar days and the maintenance of searchable electronic records for borrower communications. The performance period consists of a base period from FY27 through FY28, with four one-year option periods for a total of five years. Services will be performed at the contractor's site, and the contractor must comply with OMB Circular A-123 and maintain specific insurance coverages, including Fidelity Bond and Errors and Omissions insurance. Award will be based on a best value assessment where non-price factors are significantly more important than price. The evaluation follows a four-phased approach: Phase I screens for minimum operational capabilities (Pass/Fail), Phase II evaluates the technical approach (requiring a Good rating or higher to advance), Phase III assigns a risk rating, and Phase IV assesses past performance and veteran preference. Preference is given to verified Service-Disabled Veteran-Owned Small Businesses (SDVOSB) and Veteran-Owned Small Businesses (VOSB). Proposals must be submitted in six distinct volumes with strict page limits and formatting requirements, including a requirement for proof of 50 million dollars in corporate funds or a line of credit.
Sac Frederick (36C10X)

POSTED

9 days ago

DEADLINE

in 5 days

AI Contract Overview

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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

$373,906.34

NAICS

522390 - Other Activities Related to Credit Intermediation

Place of Performance

DC, 20257-0001, USA

Set-Aside

NONE

Award Issued Date

Documents

1

J&A for Sole Source - Midland Extension

PDF, Low priorityjustification-and-authorization
Low

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Timeline

PhaseAwarded
Posted

Award Notice

Awarded

Contract was awarded

Submission Closed

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Organization & Contact Information

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AgencyUnited States International Development Finance Corporation → Office Of Acquisition
Contacts1 person available
OfficeWashington, DC, 20527, USA
Office AddressWashington, DC, 20527, USA
Contacts

Full Description

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Loan Accounting and Reporting; Registration and Transfer of Securities: The contractor must act as registrar, paying and transfer agent (functions as Paying and Transfer Agent, in connection with a Housing Guaranty borrowing; Maintenance of Documents; Financial Reporting: The contractor shall establish and maintain a computerized, loan-related and transactional-based accounting system to provide input from this data base to the agency's automated accounting system and to prepare timely and accurate reports; Treasury Report on Receivables (TROR); U.S. Treasury Foreign Credit Reporting System (FCRS); Annual Confirmation as directed by DFC on an annual basis; Loan Accounting System; Paris Club; Rescheduling; Financial Data: The contractor shall provide USAID all financial information from records maintained by the contractor necessary to prepare financial statements and other reports on the status of the loans. Post contract transition support to ensure smooth transition of data and materials to the DFC. The contractor Midland Loan Services was under contract with the US Agency for International Development (contract AID-OAA-15-00084) to perform the services. This contract was transferred to the DFC in accordance with the transfer provisions of the BUILD Act. The contract is ending February 6, 2021 and DFC has determined that it will perform most of the services currently provided by the contractor in house. However DFC requires the contractor to continue providing the services beyond the contract end date while DFC transitions to taking on performance of the duties and converts data from Midlands systems. This project is not expected to be complete by the end date of the contract. It is also contemplated that DFC will require post-transition support to ensure DFC understands the data and materials transferred to the DFC. The work requires specialized knowledge of the subject portfolios which are unique, as well as the necessary system and data to perform the services required. The contractor, and only the contractor, has the data, system, and unique experience necessary to immediately perform these services during this period of transition away from the contract.

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