Renewal TRIP Claims Management

The Department of the Treasury's (Treasury), Internal Revenue Service's (IRS) Office of Treasury Procurement Services (OTPS), on behalf of the Terrorism Risk Insurance Program (TRIP) Office anticipates the competitive renewal of an Indefinite Delivery Indefinite Quantity (IDIQ) award with a one-year base period plus (4) one-year option periods. The IDIQ is to provide, maintain at the ready of terrorism, and operate, as required, a computer system and facility able to meet the requirements of the Terrorism Risk Insurance Act of 2002 (TRIA), as amended by the Terrorism Risk Insurance Extension Act of 2005, and the Terrorism Risk Insurance Program Reauthorization Act of 2007, as well as relevant Treasury and other regulations. The contractor is to "translate" the Act and regulations into a tested and documented operating systems and procedures that will be maintained in readiness throughout the period of the contract for the processing of insurer claims for the Federal Share of Compensation under the Terrorism Risk Insurance Program (Program); and upon notice, the contractor is to activate the system and process claims. This notice is an attempt by the Government to perform market research to identify potential sources within the market. In managing the Program authorized by TRIA, Treasury is guided by several goals. First, Treasury strives to implement the Act in a transparent and effective manner that treats comparably those insurers required to participate in the Program and provides necessary information to policyholders in a useful and efficient manner. Second, in accordance with the Act's stated purposes, Treasury seeks to rely as much as possible on the State insurance regulatory structure. In that regard, Treasury has coordinated the implementation of all aspects of the Program with the National Association of Insurance Commissioners (NAIC). Third, to the extent possible within statutory constraints, Treasury seeks to allow insurers to participate in the Program in a manner consistent with procedures used in their normal course of business. Finally, Treasury is guided by the Act's goal for insurers to develop their own capacity, resources, and mechanisms for terrorism insurance coverage when the Program expires. Further information on the TRIP/TRIA can be found at the following link: http://www.treasury.gov/resource-center/fin-mkts/Pages/program.aspx . At the link there is further information on the original TRIA Act of 2002, the TRIA Extension Act of 2005, and the TRIA Reauthorization Act of 2007. The Treasury on June 29, 2004, issued a final Claims Procedures Rule, effective July 31, 2004, as part of its implementation of title I of TRIA; 69 FR 39296. TRIA also contains specific provisions designed to manage litigation arising out of, or resulting from, a certified act of terrorism. On July 28, 2004, Treasury issued a final rule concerning litigation management, 69 FR 44932. TRIA, the Claims Procedures Rule, the Litigation Management Rule and related rules found in 31 C.F.R. Part 50 contain certain definitions, requirements, and procedures for insurers filing claims with Treasury for payment of the Federal share of compensation for insured losses under the TRIP. The Claims Procedures Rule, in particular, specifically addresses requirements for Federal payment, the submission of an initial notice of insured loss, loss certifications, the timing and process for payment, associated recordkeeping requirements, as well as Treasury's audit and investigation authority. These procedures apply to all insurers that wish to receive their payment of the Federal share of compensation for insured losses under TRIA. On December 26, 2007, the President signed into law the Terrorism Risk Insurance Program Reauthorization Act of 2007 which extends the TRIA through December 31, 2014. The law extends the temporary federal Program that provides for a transparent system of shared public and private compensation for insured losses resulting from acts of terrorism. The contractor under this IDIQ will provide services both prior to and following a certified act of terrorism including: 1) make ready for operation, a facility for the management and payment of TRIP claims; 2) provide periodic review and testing of the facility and other activities, including the information technology Certification and Accreditation process, needed to assure its security and readiness and compliance with The Federal Information Security Management Act (FISMA); 3) provide expert and analytical support to the Program in anticipation of, or in response to Program changes and may be awarded prior to or following an act of terrorism; 4) provide activation and operation of the facility and would be issued only after certification of an act of terrorism; 5) the transition or development and testing of a "statistical agent" analysis and reporting capability; 6) provide periodic review and testing of the statistical agent capability, typically expected to be performed in conjunction with task 2; 7) provide the actual statistical agent reporting and analysis following activation of the TRIP facility and the payment of claims; 8) the Recoupment process called for under the Program. Detailed descriptions of the tasks are attached to this Sources Sought notice. As intended by this Sources Sought Notice, the Government is attempting to gather market research information from contractors regarding their capabilities to the requirements stated within this notice. Therefore, interested parties should provide their statement of capabilities inclusive of relevant experience and level of staff available to successfully ensure adherence to the requirements of the TRIA of 2002, as amended and operating efficiency and financial integrity of the TRIP. Interested parties should identify if its firm subcontracts any parts of this requirement. If so, provide details of the areas subject to subcontracting. Interested parties should provide requested information via e-mail to Sheketia Nettles, Contract Specialist, by February 26, 2013 at 1:00pm to the following email address: sheketia.nettles@irs.gov .Responses shall be limited to no more than 10 pages, standard margins, and 12pt. font. THE SUBMISSION OF THIS INFORMATION IS INTENDED FOR PLANNING PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS A COMMITMENT BY THE GOVERNMENT TO PROCURE ANY SERVICES, NOR DOES THE IRS INTEND TO AWARD A CONTRACT ON THE BASIS OF THe SOURCES SOUGHT NOTICE OR OTHERWISE PAY FOR THE INFORMATION SOLICITED.