FDIC's Portfolio Investment Management System Requirement
ID: CORHQ-24-R-0519Type: Solicitation
Overview

Buyer

FEDERAL DEPOSIT INSURANCE CORPORATIONFEDERAL DEPOSIT INSURANCE CORPORATION_

NAICS

Software Publishers (513210)

PSC

IT AND TELECOM - BUSINESS APPLICATION SOFTWARE (PERPETUAL LICENSE SOFTWARE) (7A21)
Timeline
    Description

    The Federal Deposit Insurance Corporation (FDIC) is seeking proposals for a cloud-based Portfolio Investment Management System (PIMS) to replace its existing system, enhancing its capabilities in managing cash and investment processes. The new system aims to provide functionalities such as transaction management, robust analytics, and a user-friendly dashboard, while ensuring compliance with federal security standards and maintaining operational efficiency. This procurement is critical for the FDIC to streamline its financial management processes and improve regulatory compliance. Proposals are due no later than 1 PM EST on January 31, 2025, and interested vendors can contact Hamilton Jackson at hamjackson@fdic.gov or 571-214-1297 for further information.

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    The document is an amendment to a government solicitation issued by the Federal Deposit Insurance Corporation (FDIC) regarding Request for Proposals (RFP) CORHQ-24-R-0519. This amendment updates the deadline for submitting questions about the solicitation, extending it to 12 p.m. on December 13, 2024. However, the RFP's submission due date remains unchanged at 2 p.m. EST on January 3, 2025. The amendment specifies that the updated deadline for questions is reflected in Section L of the solicitation, titled "Instructions, Conditions, and Notices to Offerors." The document maintains all other terms and conditions of the solicitation, affirming that they remain unchanged and in effect. The contracting officer, Hamilton Jackson, is responsible for this amendment. This document is a key communication tool in the procurement process and ensures transparency and clarity for all potential offerors.
    The document outlines an amendment to a solicitation by the Federal Deposit Insurance Corporation (FDIC) regarding Request for Proposals (RFP) CORHQ-24-R-0519. The key purpose of this amendment is to extend the due date for proposals from the original timeframe to 1 p.m. on January 31, 2025. This extension aims to provide vendors with additional time to formulate responses to the solicitation and address questions that have been raised. Upon resolution of these inquiries, a further amendment is anticipated to be issued. The document emphasizes that all other terms and conditions of the referenced solicitation remain unchanged. The contracting officer responsible for this amendment is Hamilton Jackson, whose contact details are provided for any necessary communications.
    The document outlines a Request for Proposal (RFP) for a cloud-based Portfolio Investment Management System (PIMS) to be implemented for the Federal Deposit Insurance Corporation (FDIC). The primary goal is to replace the current PIMS with a comprehensive solution that streamlines cash and investments management processes, meets federal security compliance standards, and incorporates rigorous data management and reporting capabilities. Key deliverables include application setup, data migration, user training, and ongoing maintenance and support. The scope of work includes the provision of a Commercial Off-The-Shelf (COTS) solution and professional services, with detailed operational and technical requirements outlined. The contractor is also tasked with meeting specific service performance metrics and service level agreements (SLAs), including system availability and incident resolution timelines. Security and privacy compliance is paramount, necessitating an Authority to Operate (ATO) from FDIC's Authorizing Official after thorough assessments. Overall, this RFP represents a strategic effort by the FDIC to enhance its financial oversight capabilities while ensuring robust information security and an effective user experience across its investment management framework.
    The Federal Deposit Insurance Corporation (FDIC) has issued a Request for Proposals (RFP) for a cloud-based Portfolio Investment Management System (PIMS) to replace its current system. The RFP outlines a comprehensive scope of work, including analytics, cash management, transaction management, and reporting functionalities to support efficient cash and investment processes. The awarded contractor will provide a solution that requires strict adherence to security and privacy controls, in compliance with federal regulations. The contract structure includes a firm-fixed price with options for time and materials for enhancements. The detailed Service Level Agreements (SLAs) will monitor contractor performance metrics such as system availability, response to incidents, and service completion times. The RFP specifies the deliverables required from the contractor, including project work plans, system documentation, and monthly performance reports. This RFP underscores the FDIC's commitment to maintaining an effective financial management system that meets organizational needs while ensuring compliance with security standards. The successful implementation will involve detailed planning, execution, and ongoing support to ensure operational effectiveness and resilience against evolving risks.
    The Federal Deposit Insurance Corporation (FDIC) issued a Request for Proposal (RFP) for a comprehensive cloud-based replacement solution for its Portfolio Investment Management System (PIMS). The PIMS is essential for managing cash and investment transactions, generating reports, and ensuring compliance with federal security standards. The contractor must implement the system using agile methodology, ensuring it is scalable and flexible to accommodate future needs. Key deliverables include data migration from legacy systems, application testing, user training, and ongoing maintenance. The RFP outlines security requirements, including adherence to FISMA and NIST standards, the necessity for an Authority to Operate (ATO), and an independent security assessment. The scope of work encompasses high-level functionalities such as analytics, cash management, system integration, and user experience enhancements. Contractors are required to provide detailed documentation, regular performance reports, and support for continuous monitoring and issue resolution. This RFP emphasizes the FDIC's commitment to secure and efficient financial management within the banking sector as part of its mission to maintain system stability and protect the public interest.
    The Federal Deposit Insurance Corporation (FDIC) is seeking proposals for a cloud-based Portfolio Investment Management System (PIMS) to replace its existing system within the Division of Finance. The new system will assist in managing cash and investment processes, including tracking transactions, calculating earnings, and generating reports. Key functionalities needed include a user-friendly dashboard, robust analytics, cash management capabilities, transaction management, and system integration with existing systems. The contractor is required to ensure compliance with federal security standards and undertake maintenance and enhancements, adhering to an agile methodology. The contract is structured as a Firm-Fixed Price agreement with further enhancements on a Time & Materials basis. Additionally, vendors must provide comprehensive training, a disaster recovery plan, and system security assessments. The FDIC emphasizes the importance of scalability, flexibility, and high performance, along with meticulous documentation and auditing processes. This RFP serves to attract qualified vendors capable of fulfilling the FDIC's requirements, maintaining regulatory compliance, and improving operational efficiencies in investment management processes.
    The document outlines the essential requirements for submitting procurement packages to the Division of Information Technology (DIT) at the Federal Deposit Insurance Corporation (FDIC). Key artifacts required include manager approvals, budget estimates, budget codes, risk level designations, and necessary documentation for information security. It emphasizes the importance of collaboration with the Demand Management Working Group and Security and Enterprise Architecture Technical Advisory Board when introducing new technologies. Additionally, contracts exceeding $1 million must utilize an Essential Contract Template. Furthermore, specific forms for sole-sourced items or contracts that exceed initial ceilings are mandated. The detailed breakdown includes estimated labor categories for project management, system architecture, security engineering, and business analysis across multiple contract periods. The total contract values are recorded but currently reflect zero, indicating estimates rather than guaranteed payments. The document serves as a guideline to ensure compliance and thoroughness in the procurement process, promoting transparency and accountability in federal contracts within the technology sector.
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