GSA OCFO Limited Sources Justification: Financial Management Internal Control Support Services (FMIC)

Notice ID 47QFCA22Q0006

“Nature and/or Description of Action Being Approved:

The Office of the Chief Finance Officer (OCFO) requires continued support for the Financial Management and Internal Control services (ICOFR). The need for the continued support must be issued as a sole source, (1) twelve-month base year; with (1) six-month option, to meet the mission requirement while the re-compete award process is still ongoing which was delayed due to unanticipated internal processes. Ginnie Mae is strategically planning the re-design of its financial management and internal control services to ensure future competition.

Estimated Period of Performance: The estimated period of performance for the bridge contract is from January 05, 2022, through June 04, 2023, with one 12-month Base Period and one 6 Months Option Period.

Procurement Estimated Value: The estimated procurement value is as outlined below:

Base Period: $43,086,617.07
Option Period 1: $22,188,857.79
Total: $65,275,474.86…”

“iii.) A Complete Description of Supplies/Services Required to Meet Agency’s Need:…”

“The purpose of this sole source contract is to obtain i) assistance in sustaining compliant financial reports consistent with federal and commercial standards; ii) technical support related to O&M for month-end processing; iii) audit readiness, business process improvement, and internal control and governance services in order to improve the design and operating effectiveness of Ginnie Mae’s controls over financial reporting; iv) deployment of code fixes, configuration changes, and technical enhancements for SLDB; v) analytical, data, and systematic enhancements over finance systems and accounting operations stemming from ongoing modernization initiatives; and vi) operational support for industry developments and requests from program office leads or inter-department executives. The work shall also assess audit readiness with AU-C Section 402, Audit Conditions Relating to an Entity Using a Service Organization…”

“iv.) The Authority and Supporting Rationale:…”

“This procurement is for the continuation of Financial Management and Internal Control services necessary to meet Ginnie Mae’s financial management requirements, while the recompete award process is ongoing. The existing contractor, Ernst & Young (EY) is uniquely qualified to perform the PWS during the critical pre-award development and execution of the recompete process.

As the current incumbent, EY is only the contractor who the Government can quickly have perform the required services without incurring a lapse in services, excessive learning curve, or significant costs to perform the required services. EY possesses the institutional knowledge of the existing financial management and internal controls framework…”

“Based on the following reasons provided, it is determined that only one source, EY can meet the operational requirements, and minimizes unanticipated disruptions without a lapse in service. EY is the only provider with the current expertise and access to the applications necessary to perform the required services.

The plan is to award a bridge contract to Ernst & Young before contract GSQ11Q16BJC0005/ID1160026 expires. The bridge contract will allow Ernst & Young to continue to provide Ginnie Mae the necessary support until a fully competed contract can be awarded…”

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