Solicitation - Financial Planning Software
ID: NB6700002500297Type: Combined Synopsis/Solicitation
Overview

Buyer

COMMERCE, DEPARTMENT OFNATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGYDEPT OF COMMERCE NISTGAITHERSBURG, MD, 20899, USA

NAICS

Software Publishers (513210)

PSC

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

Set Aside

Total Small Business Set-Aside (FAR 19.5) (SBA)
Timeline
    Description

    The Department of Commerce, specifically the National Institute of Standards and Technology (NIST), is seeking proposals for financial planning software through a combined synopsis/solicitation. The procurement aims to acquire a cloud-based Enterprise Performance Management (EPM) software package that supports financial forecasting and scenario modeling, with a focus on customization and modular design to meet specific needs over a performance duration of five years. This software is critical for enhancing financial management systems within the public safety sector, ensuring efficient fiscal planning and decision-making capabilities. Interested small businesses must submit their proposals electronically by July 25, 2025, and can direct inquiries to Daniel Kent at daniel.kent@nist.gov or by phone at 303-497-6533.

    Point(s) of Contact
    Files
    Title
    Posted
    The United States Department of Commerce's National Institute of Standards and Technology (NIST) issued Amendment 1 to Request for Quote (RFQ) NB6700002500297 regarding financial software procurement. This amendment updates the Statement of Objectives (SOO), replacing the previous version to clarify licensing requirements and to align expected quantities of licenses within the deliverables section. The changes are in response to vendor inquiries and aim to enhance the procurement process. Additionally, the deadline for vendor responses has been revised to 5:00 PM MT on July 25, 2025. This documentation is crucial for ensuring that vendors are informed of the latest requirements and timelines, reflecting NIST’s commitment to a transparent and effective procurement process.
    The Communications Technology Laboratory’s Public Safety Communications Research Division requires the procurement of a cloud-based Enterprise Performance Management (EPM) software package for financial forecasting and scenario modeling over the next 5 to 7 fiscal years. Key objectives include a modular software design tailored to specific division needs, functionality for budget execution and expense categorization, and integration capabilities for multiple user types. The software must facilitate expense and salary forecasting, visualize data, allow scenario modeling without affecting forecasting facets, and enable iterative budget comparisons. Initial user training and future ad hoc customizations are also required. The contract spans a maximum duration of five years, incorporating one base year and four options, with all Government data remaining its property. Deliverables must be accepted based on evaluations by Subject Matter Experts, ensuring the software conforms to specific Internet Protocol standards and security certifications. This RFP highlights the focus on advancing financial management technologies within the public safety sector while emphasizing collaborative partnerships and fiscal accountability.
    The National Institute of Standards and Technology’s Public Safety Communications Research (PSCR) Division is seeking a cloud-based Enterprise Performance Management (EPM) Software Package for financial forecasting and scenario modeling over the next 5 to 7 years. The government aims to acquire software that allows customization, modular design, and separation of financial forecasting from scenario modeling while leveraging unified data input. Key requirements include user-defined access levels, detailed budget execution capabilities, profit and overhead assessment functionalities, and capacity for comprehensive data visualization. Additionally, the software must enable salary forecasting and maintain compatibility with Department of Commerce security standards. The project will have a performance duration of 5 years, comprising a base year plus four optional years, with offsite execution requiring coordination with designated experts. The anticipated deliverables include various user licenses, to be submitted within 30 days of contract award. This RFP reflects the government’s commitment to enhancing financial management systems pertinent to the public safety sector, ensuring efficient fiscal planning and decision-making capabilities.
    The document outlines the Secure Software Development Attestation Form, established by the Department of Commerce, to assure the secure development of software used by federal agencies. Prompted by the Federal Information Security Modernization Act (FISMA) and Executive Order 14028 on cybersecurity, this form necessitates software producers to attest compliance with specified secure software development practices derived from the NIST Secure Software Development Framework (SSDF). Self-attestation is mandatory for software developed after September 14, 2022, or significantly modified software. Exemptions apply to software developed by federal agencies, open-source software obtained directly by agencies, and publicly available software. Producers are also encouraged to utilize third-party assessments for compliance validation. The form must be completed with accurate information and signed by the CEO or an authorized designee. Failure to comply may jeopardize software usage by federal agencies. The process emphasizes maintaining trustworthy source code through secure environments and vulnerability management. In summary, this attestation mechanism is crucial for enhancing cybersecurity and safeguarding the software supply chain, illustrating the federal government's ongoing commitment to protecting its digital infrastructure.
    The National Institute of Standards and Technology’s Public Safety Communications Research (PSCR) Division seeks to procure a cloud-based Enterprise Performance Management (EPM) Software Package for financial forecasting and scenario modeling. The goal is to enhance strategic financial planning for the upcoming 5 to 7 fiscal years, supporting public safety communications advancements. The software must be modular and customizable, facilitating separate financial forecasting and scenario modeling functions while using shared data inputs. Key requirements include budget execution capabilities, the ability to upload data, user access levels, and details on overhead assessments. The software must support granular expense categorization, salary forecasting, multi-view data analysis, and the creation of visual financial representations (dashboards, charts, etc.). Additionally, it requires the capability to transfer successful scenario models back into financial forecasting. The project is set for a 5-year performance period with offsite execution, and all government property remains under government ownership. Suggested deliverables include user licenses for different tiers, with training for users. Compliance with federal security standards like FedRamp and DOC requirements is also mandatory. This RFP demonstrates the government's commitment to modernizing financial forecasting tools to better serve the public safety sector.
    The solicitation NB6700002500297 outlines a Request for Quotation (RFQ) by the National Institute of Standards and Technology (NIST) for financial planning and modeling software, as well as software customization and development services. This RFQ is set as a 100% Total Small Business Set-Aside, with the requirement for a firm fixed price for each line item. Offerors must submit a technical volume detailing their approach in response to the Statement of Objectives (SOO), a past performance volume documenting previous relevant work, and comply with certain accessibility standards. Evaluation factors include the technical approach, past performance, and price, with the government assessing the proposals based on best value. Additional provisions detail compliance requirements, payment terms, and delivery conditions. The final selection will consider technical feasibility and price reasonableness, dictating the government’s level of confidence in the offeror's ability to fulfill the contract requirements. All submissions must be made electronically by the specified closing date, highlighting the government's commitment to transparency and accountability throughout the procurement process.
    The document details a Request for Proposals (RFP) from the Government for financial software, encompassing product licensing and customization services. It outlines the requirements for implementation, including a detailed Statement of Work (SOW) and technical approach, while specifying licensing structures for varying user types across fiscal years. The anticipated award date is August 2025, with a go-live timeline set for 30 days post-award, contingent on customization needs. Key compliance mandates include FedRAMP and NIST SP 800-171 standards, with strict stipulations regarding software approval processes and stakeholder engagement. Offerors are encouraged to ask questions until the submission deadline, and the document reflects a well-structured framework for proposal submissions with clear volume expectations for different sections. The insights provided aim to facilitate an efficient procurement process while ensuring that the proposed solutions align with the Government's financial forecasting and modeling objectives.
    The government RFP NB6700002500297 seeks proposals for financial software, anticipating annual licenses and customization services per federal product service code “DA10 IT and Telecom—Business Application/Application Development Software as a Service.” Offerors may propose either a service model or a product model with a perpetual license. The RFP emphasizes the need for offerors to detail implementation plans, including collaboration with the Contracting Officer Representative (COR) and subject matter experts (SMEs), to meet federal financial forecasting and modeling requirements. Awards are expected by August 2025, and oral presentations will focus solely on how proposed software meets government needs, excluding past performance information. The document highlights the government's commitment to acquiring a tailored software solution that aligns with specific operational requirements. Overall, it illustrates the structured process involved in government procurement, ensuring clarity in expectations for potential vendors regarding software functionality and support services.
    The document pertains to an RFP for financial software by the Government, specifically under the management of NIST. It outlines the expectations for bidders, including the need for annual licenses and customization services. Offerors must present a detailed implementation plan, which includes collaboration with government representatives, and demonstrate their software's capabilities during oral presentations without discussing past performance. Key timelines include the award date expected in August 2025, with demonstrations scheduled between July 14-25. The software is required to integrate with current systems, notably Oracle, although integration with external systems is not anticipated at this stage. Submission guidelines specify separate volumes for pricing, technical proposals, and past performance, with specific page limits for most sections. Offerors must also meet FedRAMP requirements regardless of prior status. The document emphasizes the need for historical data to be loaded into the system while clarifying that no contractor personnel onboarding will be provided by the Government. Overall, the RFP aims to acquire a cloud-based financial software solution tailored to federal financial forecasting and modeling needs, reinforcing the Government's standards and objectives in acquiring such technological capabilities.
    The government file outlines a Request for Proposals (RFP) for financial software intended for use by the National Institute of Standards and Technology (NIST). The RFP clarifies that annual licenses and customization services will be required for the software, which is categorized under federal product service code “DA10 IT and Telecom.” A detailed Statement of Work (SOW) must be included by offerors, showcasing their processes for implementing necessary financial forecasting and modeling features. Demonstrations of the software are scheduled for mid-July 2025, with the award of the contract anticipated in August 2025. The file highlights the user licensing structure and requirements, which include various user types, historical data loading expectations, and stipulations for security and compliance, such as FedRAMP and NIST SP 800-171 requirements. Offerors are instructed to submit their proposals in three separate volumes, with specific page limits outlined for technical approaches but not for the SOW. Overall, the document emphasizes the need for rigorous compliance with federal standards and outlines the timeline and expectations surrounding the procurement of the financial software solution.
    Lifecycle
    Title
    Type
    Combined Synopsis/Solicitation
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