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This Sources Sought opportunity was posted on June 22, 2017. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

SBA Loan Statistician for Improper Payment Sampling

Awarded
SBAHQ-17-Q-0039Federal

Contract Overview

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

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NAICS: 541219
New
SLED
Outsourced Controller Services for the Water Street Parking Garage Expansion Project
Solicitation # 2027-03 CONL
Solicitation 2027-03 CONL seeks a qualified consultant to provide outsourced controller services for the Water Street Parking Garage expansion in New London, Connecticut. This project aims to add approximately 250 parking spaces to the existing facility to accommodate the anticipated 300,000 annual visitors for the new Coast Guard Museum, which is scheduled to open in August 2027. Construction is expected to begin in the summer of 2027 and will take 12 to 18 months to complete. The selected consultant will be responsible for comprehensive financial monitoring, including tracking funding sources, managing cash flow projections, reviewing payment applications and change orders, and maintaining audit-ready records. The contract requires strict adherence to municipal finance requirements, bond covenants, and grant agreements from the Connecticut Department of Transportation and the Department of Economic and Community Development. Compliance with the Davis-Bacon Act, prevailing wage laws, and CHRO requirements is mandatory. Award will be granted to the lowest responsible, qualified proposer based on a two-phase evaluation process. Phase one scores firm experience, project qualifications, proposed fees, professional references, and financial stability, while phase two consists of interviews and presentations. All proposals must be submitted via the city's e-procurement portal by December 1, 2026.
Procurement

POSTED

about 12 hours ago

DEADLINE

in about 1 month

AI Contract Overview

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The Small Business Administration Office of Disaster Assistance intends to award a sole source, firm fixed price contract to ASQ Solutions, LLC for a Loan Statistician specializing in Improper Payment Sampling. The objective is to ensure compliance with the Improper Payments Information Act of 2002 and OMB Circular A-123. The selected contractor will provide specialized expertise in sample stratification and methodology to manage the unpredictable annual loan populations associated with disaster lending, a requirement the government determined other small business contractors could not meet. The total estimated value of the requirement is 119,000 dollars over the life of the order. This includes a base period from the award date to October 14, 2017, valued at 8,100 dollars, followed by four option years estimated between 26,000 and 29,000 dollars annually. Performance will take place in Washington, DC. While the government intends to negotiate with ASQ Solutions, LLC due to their demonstrated technical qualifications and existing knowledge of the requirements, interested parties were invited to submit capabilities statements for consideration.

General Info

Agency

N/A

Contract Value

$149,618.48

NAICS

541219 - Other Accounting Services

Place of Performance

Contractors Site, WASHINGTON, DC, 20416, USA

Set-Aside

NONE

Award Issued Date

Documents

0

No documents available

Documents will appear here when they are available.

AI Contract Breakdown

Uniform Contract Format

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Timeline

PhaseAwarded
Posted

Sources Sought

Awarded

Contract was awarded

Submission Closed

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Organization & Contact Information

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AgencyN/A
Contacts1 person available
OfficeN/A
Organization / Agency
N/A
Office AddressN/A
Contacts
Tracy LambertContracting Officer

Full Description

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Agency Contact Information: Small Business Administration 13221 Woodland Park Road, 5th Floor, Herndon, VA 20171, Tracy Lambert, contact@example.gov. Place of Performance: Washington, DC. The Government intends to negotiate, on a sole source basis, a firm fixed price, level of effort acquisition with ASQ Solutions, LLC for a Loan Statistician for Improper Payment Sampling. This non-competitive action is being issued by the Small Business Administration (SBA) on the behalf of the SBA Office of Disaster Assistance. Description of Requirement: Background: Market research shows that there are small business contractor that are able to provide the statistician services but they do not have the improper payment statistical sampling as a provided service. The initial market research was conducted using U.S. General Services Administration Advantage. There are vendors that have current government contracts and are small businesses with active SAM records but none of the above vendors/contractors specified improper payment statistical sampling as a provided service. Objective: To obtain contractual services to support the U.S. Small Business Administration Office of Disaster Assistance compliance with the Improper Payments Information Act of 2002 (IPIA), its amendments, and OMB Circular A-123, Management's Responsibility for Internal Controls, Appendix C, Requirements for Effective Measurement and Remediation of Improper Payments. The Small Business Act (ACT) authorizes the Small Business Administration (SBA) to make loans to eligible victims of declared disasters. The Office of Disaster Assistance (ODA) plans, directs, and administers the SBA's responsibilities under the ACT. The mission of ODA is to help people recover from disasters and rebuild their lives by providing affordable, timely, and accessible financial assistance to homeowners, renters, businesses of all sizes, and non-profit organizations. Due to the unique nature of disaster lending's various workload based on the disasters' geographic location, size, amount of damage and number of disaster survivors affected, predicting annually the improper payment audit's sample size is an extraordinary task requiring specialized experience. This experience has been demonstrated by the current contractor's (ASQ Solutions, LLC Ron Fecso) exceptional qualifications to meet ODA's sampling methodologies challenges. Mr. Fecso has met with SBA's OIG statistician and defended the rigorous OMB approved sampling methodologies for ODA's loan disbursement improper payment audit. One of those OMB sampling requirements for ODA is "Sample stratification" where management has determined that the likelihood of an improper payment may be higher for large disasters. Mr. Fecso has mastered ODA's Sample stratification concern, as well as sampling's unit, method and size. Although there are other statistician contractors that show the experience in working under OMB improper payment sampling guidelines, none exhibits the ability to stratify a vastly unpredictable annual loan population. This action is being conducted in accordance with FAR 13, only one responsible source. ASQ Solutions, LLC through past requirements has shown that they have the knowledge and skills to perform these services. They have current and past knowledge of our requirement. The government estimates this requirement to be $119,000.00 over the life of this order. Of this amount the base period (from award date to Oct 14, 2017) will be for $8,100.00 with the option years at a total annual contract estimated to be between $26,000.00 and $29,000.00 per year. Making the award to ASQ Solutions LLC is in the best interest of the government because the cost of the requirement will be kept down due to the fact that they have knowledge of this requirement and there will be no additional cost for a contractor to learn what is needed or how to decipher the information provided. However, interested parties may identify their interest and capabilities regarding this requirement by submitting a capabilities statement by the date specified herein. The period of performance for this effort will be from award to October 14, 2017 with 4 option years to follow. The Government will consider all capabilities statements received by 1pm EST, Wednesday, June 28, 2017. Please be advised that it is the offeror's responsibility to assure the Government receives your submission on or before the specified due date. Submissions shall be sent electronically to Tracy Lambert, Contracting Officer at contact@example.gov. This is NOT a request for competitive quotes. A determination by the Government not to compete this proposed action based upon responses to this announcement is solely within the discretion of the Government. Information received is solely for the purpose of determining whether to conduct a competitive acquisition. The Government reserves the right to issue a Request for Quote (RFQ) as a result of this announcement. Please be advised that this announcement may constitute the only notice that will be posted for this acquisition, based on the review of any responses to this notice.

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