This is a combined synopsis/solicitation for commercial items prepared in accordance with the format in FAR Subpart 12.6, in conjunction with FAR Subpart 13.5, as applicable, and as supplemented with additional information included in this notice. This announcement constitutes the only solicitation. Offers are being requested, and a written solicitation will not be issued. The solicitation number is FHF-10-Q-0203 issued as a Request for Quotation (RFQ). The associated North American Industrial Classification System (NAICS) code for this procurement is 518210 with a small business size standard of $25 Million. This requirement is unrestricted. It is anticipated that no award, or one ore more awards may result from this solicitation. Any resultant commercial contract/s purchase order/s will be firm fixed price. All interested firms must provide a quotation including a license agreement, technical, past performance, and firm fixed pricing to support the statement of work (Attachment 1), for all five (5) periods of performance. FHFA-unique clauses and FAR 52.212-4 as deviated, are listed in Attachment 2. Other terms and conditions are set forth below: Description of Services: The Federal Housing Finance Agency (FHFA) has a requirement for Behavioral Modeling Software packages in accordance with the attached Statement of Work (Attachment 1). Period of Performance: The period of performance is for a base period from date of award through twelve months, with four one-year options. Terms and Conditions: This solicitation incorporates the provisions and clauses that are in effect through Federal Acquisition Regulation Circular 2005-39 effective April 19, 2010. Provision FAR 52.212-1, Instructions to Offerors-Commercial Items (Jun 2008) and addendum are incorporated into this solicitation. Addendum to 52.212-1, Modify: (b) Submission of offer(s) is to read as follows: "Submit offers electronically to "
[email protected].". Solicitation Instructions: FAR 52.212-1, Instructions to Offerors-Commercial Items (Jun 2008) applies to this acquisition as well as addenda described below: Quotations shall consist of the following: An e-mail that (a) identifies the solicitation number; (b) the time specified for receipt of offers; (c) the name, address, and telephone number of the offeror; (c) acknowledgement of solicitation and amendments (if applicable); (d) assertion of the offeror's acceptance of the terms and conditions contained in the solicitation; and (e) offeror's Data Universal Numbering System (DUNS) Number. All items previously mentioned for best value evaluation under FAR 52.212-2, including license agreement. Past Performance. The offeror shall provide two (2) past performance references, to include: dates of events, name, address, telephone number, and (if available) an e-mail address of the reference point of contact; and a brief description of relevant services within the past (2) two years. Offerors shall provide firm fixed pricing for all five performance periods (base and four options) TO ALSO INCLUDE SEPARATE FIXED PRICING FOR EACH DELIVERABLE CITED IN THE STATEMENT OF WORK, SECTION 4.0, paragraphs a) through f). Notwithstanding any other provision of this solicitation whether express or incorporated by reference, FHFA is a non-appropriated fund instrumentality and the resultant contract will not be subject to the Contract Disputes Act of 1978. Reference attached Disputes Clause (in Attachment 2). Central Contractor Registration (CCR): Prospective awardee shall be registered in the CCR database prior to award. Further information on CCR registration can be obtained at the following website: http://www.ccr.gov/. Provision 52.212-2, Evaluation-Commercial Items (Jan 1999) is incorporated by reference with the following inserts under (a): "The following three factors (technical, past performance, and price) shall be used to evaluate offers: Technical- 1. The offeror must provide letters, model-specific configuration instructions or other verification from both Quantitative Risk Management (QRM) and Polypaths confirming that the behavioral modeling software is fully integrated with those applications in accordance with the definition of full integration specified in 3.0 a) of the Statement of Work: Offerors not fully integrated with QRM and Polypaths, in accordance with 3.0 a) of the Statement of Work will not be considered for evaluation. 2. The offeror must list and describe in detail the types of mortgage and mortgage-related instruments processed by the behavioral models in accordance with 3.0 b) of the Statement of Work. If the models also process multifamily loans, CMBS, reverse mortgage, credit cards, and student loans, identified in 3.0 b) as preferred, lists and descriptions of those should be included here. Descriptions of instruments processed by prepayment models should be identified separately from those processed by credit models. In both cases, the offeror should specify the minimum, maximum and mean number of instruments processed by its customers along with approximate run-times for each. 3. For mortgages, the offeror must further list and describe in detail the differentiable characteristics covered by the behavioral models in accordance with 3.0 c) of the Statement of Work. Descriptions of mortgages processed by prepayment models should be identified separately from those processed by credit models. Offerors are encouraged to describe the characteristics at the lowest level of granularity, e.g., if Alt-A mortgages are identified only a low doc/no doc flag that is either "yes" or "no" versus if models are predicated on data that differentiates mortgages with full documentation versus those with no income/stated assets, stated income/no assets, no income/no assets, etc. 4. For agency instruments, the offeror must describe its prepayment modeling and credit modeling methodologies, respectively, in accordance with 3.0 d) of the Statement of Work. If agency instruments are processed at the loan-level and from the Enterprise as well as the investor perspective, identified in 3.0 d) as preferred, details should be included here. 5. For non-agency instruments, the offeror must describe its prepayment modeling, credit and loss severity modeling methodologies, respectively, in accordance with 3.0 e) of the Statement of Work. If non-agency instruments are processed with loan-level data other than that available through Intex, and the linkages to the loan-level database and back to Intex are established in QRM and Polypaths, as identified in 3.0 e) as preferred, details should be included here. 6. For both agency and non-agency instruments, offerors must describe static versus dynamic drivers of prepayment and, separately, default employed in the behavioral models in accordance with 3.0 f) of the Statement of Work. With regard to dynamic drivers, such as interest rates, house prices and macro-economic indicators, the offeror should list all drivers and provide descriptions of the level of granularity as well as the full range of functional integration with QRM and Polypaths. Any lack of seamless integration, e.g., if the prepayment and/or credit model is supported by a house price forecast that is provided along with other data as an input, but that forecast is not synchronized with deterministic or stochastic house prices in the QRM or Polypaths framework, should be discussed here. 7. The offeror must list the current coupons used by the behavioral models and describe in accordance with 3.0 g) of the Statement of Work the methodology employed in determination of the current coupon at any point in a simulation. If the spread of the current coupon to the standard yield curve used (which should be identified) may vary in a simulation or if a volatility component is included, as identified in 3.0 g) as preferred, that should be included here. 8. The offeror must discuss in accordance with 3.0 h) of the Statement of Work, all historical and forecasted data included with the behavioral models, as well as flexibility for user-defined substitution of both historical and forecasted data. Frequency of updates as well as data sources should be discussed here. 9. The offeror must discuss the functionality of the behavioral modeling software to perform sensitivity analysis in accordance with 3.0 i) of the Statement of Work. Supporting such a discussion, the offeror is encouraged to include examples of changes in resulting prepayment, default and loss (or loss severity) rates as a function of one or more changes in the underlying drivers of the behavioral models. 10. The offeror must discuss the data used to estimate each of the behavioral models in accordance with 3.0 j) of the Statement of Work. Information should include the relevancy of each dataset to each behavioral model, the frequency and length of each dataset, the number of instruments included in each dataset and any deficiencies or weaknesses of the data. If the data includes and the behavioral models use information on second mortgages and combined loan-to-value ratios, as identified in 3.0 j as preferred, that should be included here. 11. The offeror must provide evidence of at-least annual updating of each behavioral model from inception to the present. The offeror must include back-testing results and peer-group comparative analytics, including benchmarking in accordance with 3.0 k) of the Statement of Work. Evidence of offeror responsiveness to unanticipated credit and market events, including prepayment, default and loss rates before and after model changes should be included here. 12. Examples of behavioral model documentation available either on request or via the contractor's web site in accordance with 3.0 l) of the Statement of Work should be provided. 13. Compliance of the offeror's behavioral models with NIST Special Publication 800-53 must be demonstrated in accordance with 3.0 m) of the Statement of Work. Additionally, verification of a risk assessment or independent third-party SAS 70 report must be included here. 14. The offeror must provide information regarding software implementation and training in accordance with 3.0 n) of the Statement of Work. 15. The offeror must provide information regarding run-time performance in QRM and Polypaths and scalability in accordance with 3.0 o) of the Statement of Work. Past Performance. The Government will evaluate past performance as a measure of the Government's confidence in the offeror's ability to successfully perform based on demonstrated relevant and recent past performance on projects similar to the scope and complexity of this requirement, and demonstrated ability to meet performance/technical requirements, compliance with contract requirements, schedule, customer satisfaction, reliability, responsiveness, adequacy of resources, and quality. Recent is defined as within the last two (2) years. Relevant is defined as work similar in scope, complexity, and magnitude to the work identified in the SOW. Price. Technical and past performance factors, when combined, are more important than price factor." Technical and past performance factors, when combined, are more important than price factor." Representations and Certifications. Offerors shall either submit a completed copy of the provision at FAR 52.212-3, Offeror Representations and Certifications-Commercial Items (Aug 2009) or ensure that they are current in Online Representations and Certifications Application (ORCA) at http://orca.bpn.gov/. Questions about the solicitation shall be submitted no later than April 29, 2010, at 2:00 PM DST, via email to Larna Palmer, CO, at
[email protected]. Quotations are due no later than May 10, 2010, 2:00 PM DST. Quotations shall be submitted electronically via e-mail to
[email protected]. Late submissions will not be considered. All future information regarding this solicitation, including amendments, will be distributed solely through Federal Business Opportunities website at www.fbo.gov. Interested parties are responsible for monitoring this site to ensure that they have the most up-to-date information about this solicitation. No telephone or facsimile requests for the solicitation will be accepted. Clauses 52.212-4, Contract Terms and Conditions-Commercial Items (Mar 2009) DEVIATIONS (reference Attachment 2), and FAR 52.212-5, Contract Terms and Conditions Required to Implement Statutes or Executive Orders-Commercial Items (Feb 2010), apply to this solicitation. The following additional clauses under FAR 52.212-5 are applicable: 1) 52.203-6, Restrictions on Subcontractor Sales to the Government, with Alternate 1; 2) 52.219-28, 3) 52.222-3, Convict Labor; 4) 52.222-21, Prohibition of Segregated Facilities; 5) 52.222-26, Equal Opportunity; 6) 52.222-35, Equal Opportunity for Special Disabled Veterans, Veterans of the Vietnam Era, and Other Eligible Veterans; 7) 52.222-36, Affirmative Action for Works with Disabilities; 8) 52.222-37, Employment Reports on Special Disabled Veterans, Veterans of the Vietnam Era, and Other Eligible Veterans; 9) 52.222-39, Notification of Employee Rights Concerning Payment of Union Dues or Fees; 10) 52.222-50, Combating Trafficking in Persons; 11) 52.225-13, Restrictions on Certain Foreign Purchases; 12) 52.232-33, Payment by Electronic Funds Transfer; 13) 52.239-1, Privacy or Security Safeguards. The following additional clauses also apply to this solicitation: FAR 52.217-5, Evaluation of Options (Jul 1990); FAR 52.217-8, Option to Extend Services (Nov 1999) (insert: the performance period); FAR 52.217-9, Option to Extend the Term of the Contract (Mar 2000) (first and second inserts: the performance period; third insert: 60 months). Full text of the FAR provisions and clauses can be found at: http://www.acqnet.gov/far. Place of Performance: FHFA Washington, DC Primary Point of Contact: Larna Palmer Contracting Officer
[email protected] Phone: (202) 414-6427