R -- Bank Supervision in Bosnia and Herzegovina

The contract modification involves USAID's ongoing project to strengthen bank supervision and deposit insurance in Bosnia and Herzegovina, originally awarded to Bearing Point under Contract No. 168-C-00-03-00101-00. This change will add 1176 person-days of effort, comprised of 311 days from expatriate staff and 865 days from local BiH staff, to extend the project duration until September 30, 2005. The extension aims to address additional requirements in supporting financial sector oversight, with an estimated value of approximately $600,000. Due to the specialized nature of the work and continuity considerations, the modification will be pursued through less than full and open competition, allowing Bearing Point to provide the increased level of effort. The government is open to receiving statements of interest and capabilities from other potential providers within thirty days of the notice publication, but retains sole discretion on whether or not to open competitive bidding for this modification. The contract falls under NAICS code 541990 and is managed by USAID's Bosnia and Herzegovina office, with Donella J. Russell acting as the contracting officer. The extension reflects the ongoing commitment to enhancing banking regulations and deposit insurance mechanisms in Bosnia and Herzegovina through sustained technical support.