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This Sources Sought opportunity was posted on July 25, 2016. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

Original Instrument Discount (OID) Table Production 2017

Closed
OID2017Federal

Contract Overview

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

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NAICS: 518210
New
SLED
Short-Term Lending Database
Solicitation # SCC-26-018-BFI
The State Corporation Commission of Virginia, through its Bureau of Financial Institutions, is soliciting proposals under solicitation number SCC-26-018-BFI to establish a contract for a real-time, Internet-accessible short-term lending database solution. This system will be utilized by the Commission and all Virginia short-term lending licensees to perform real-time borrower eligibility verification, manage loan-level data, and generate analytics on loan activity and database usage. The solution must comply with regulatory standards including 10VAC5-200-110 and statutory FOIA exemptions under section 6.2-1810(B), and the supplier may be required to provide SOC 2 or ISO 00 certifications. The selection process is based on the best proposal, evaluated across five key factors: technical response, implementation approach, supplier experience, subcontracting plans, and total cost analysis. Awardees must maintain specific insurance coverages, including at least $1,000,000 per occurrence for Commercial General Liability and $100,000 per employee for Employer's Liability. Proposals are due by November 20, 2026, and must include detailed financial documentation, such as audited statements for the last three fiscal years and a D&B Business Report. The contract includes a rigorous acceptance process with a thirty-business-day review period for deliverables and a minimum ten-business-day acceptance testing period following deployment.
State Corporation Commission

POSTED

1 day ago

DEADLINE

in 30 days

General Info

Agency

N/A

NAICS

518210 - Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services

Place of Performance

N/A, LANHAM, MD, 20706, USA

Set-Aside

NONE

Documents

0

No documents available

Documents will appear here when they are available.

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Timeline

PhaseClosed
Posted

Sources Sought

Response Deadline

Deadline has passed

Submission Closed

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Organization & Contact Information

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AgencyN/A
Contacts2 people available
OfficeN/A
Organization / Agency
N/A
Office AddressN/A
Contacts
Inez C. MaguireContract Specialist
Lisa MartinContract Specialist

Full Description

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This is a Sources Sought Notice. The purpose of this notice is to obtain market research information from all sources, including the small business community to assist the government's determination if there are two (2) or more small business concerns capable of providing the described services. Small business categories include, but are not limited to the following socio-economic indicators: Small Business, SBA Certified 8(a) Firms, SBA Certified HUBZone Firms, SBA Certified Small Disadvantaged Business, Service-Disabled Veteran Owned Small Business, Veteran Owned Small Business, Woman Owned Business, Women Owned Small Business (WOSB), Women Owned (EDWOSB), The government's determination how to compete proposed requirement will be based on responses to this Notice and is at the sole discretion of the government. Internal Revenue Service (IRS) Publication 1212, Original Issue Discount Instruments, provides annual original issue discount (OID) information and tables to brokers, middlemen and the public. The tables are used by brokers, middlemen and the public to calculate the amount of OID interest income to be reported on information returns and income tax returns for that calendar year. Contractor support services are used to produce the OID tables posted to the IRS website. Contractor services are required to gather, analyze and process bond information from various sources, including completed Form 8281, Information Return for Publicly Offered Original Issue Discount Instruments. The process bond information results in 100 to 150 table pages. Contractor services are also required to maintain and update the OID database using information from the IRS and Form 8281; make OID calculations following detailed specifications; produce a minimum of eleven (11) tables using required formats; format output as required; and provide some written and telephone assistance to the general public regarding OID computation. The NAICS Code is 518210; the size standard is $32.5 million. All interested businesses and small businesses are invited to submit a capabilities statement of not more than 10 pages (not including past performance information). The capability statement should be tailored to this Notice and specifically address the company's capabilites to provide the services outlined above; the company's experience in projects that demonstrate the ability to accumulate, calculate and produce OID or similar financial information; and demonstrate the ability to develop and manipulate financial-based databases from a variety of sources. In addition, the response must include past performance on government contract(s) of similar scope and the dates of any government contract(s) held. Qualified vendors must be registered in the System for Award Management (SAM). The submitted cover letter should include: 1)company name, address, point-of-contact, telephone number, fax number, e-mail address; 2)DUNS number and CAGE code; 3)socio-economic status of the company as noted above; and 4)Small Business Certification, if applicable. Respondents will not be notified of evaluation results. QUESTIONS WILL ACCEPTED BY EMAIL ONLY AND MUST BE RECEIVED BY 4:00 PM EST FRIDAY, AUGUST 26, 2016.

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