SOLICITATION NOTICE
70 -- RIK Credit Scoring Software
- Notice Date
- 11/13/2006
- Notice Type
- Solicitation Notice
- Contracting Office
- Minerals Management Service, Procurement Branch, WASC P.O. Box 25165, MS 2730 Denver Federal Center Denver CO 80225
- ZIP Code
- 80225
- Solicitation Number
- M-07-PS-14520
- Response Due
- 11/16/2006
- Archive Date
- 11/13/2007
- Small Business Set-Aside
- Total Small Business
- Description
- This is a combined synopsis/solicitation for commercial items prepared in accordance with the format in Subpart 12.6 as supplemented with additional information in this notice. This announcement constitutes the only solicitation; proposals are being requested and a written solicitation will not be issued. Request For Quotation Number M-07-PS-14520 Offerors shall submit a technical proposal to meet the criteria set forth within this announcement. Offerors shall provide past performance information not to exceed a total of 3 pages in Times New Roman Font, 12 pt to include all points of contact information for clients/contracts. The Government shall make award based on the offer which is most advantageous to the Government, all factors considered. Offers shall mail proposals to Western Administrative Service Center, Denver Federal Center, P.O. Box 25165, MS2730, Denver, Colorado 80225-0165. Attn: Danny J. Lavergne, Contracting Officer Proposals can also be sent via email to danny.lavergne@mms.gov Or to RightFax (303) 445-9518 Proposals are due n later no later than November 20th, 2006, 4:00 PM local time. Offerors should contact the Contracting Officer via email with any questions. Email is danny.lavergne@mms.gov NAICS code is 511210. PSC 7030 This is 100% set-aside for Small business. All Federal Acquisition Regulation references and clauses can be viewed at the following link: http://farsite.hill.af.mil/vffara.htm Incorporated provisions and clauses are those in effect through Federal Acquisition Circular 2005-13, Effective 28 Sep 2006. All Offerors should be registered on www.ccr.gov The provision at 52.212-1, Instructions to Offerors -- Commercial, applies to this acquisition.. Applicable Numbered Notes are (N/A). Minerals Management Service (MMS) is re-examining the current business model used by the Royalty in Kind (RIK) Office for analyzing, evaluating, and establishing the creditworthiness of RIK counterparties, and to determine MMS-approved unsecured credit lines. RIK is looking to purchase a product to assist MMS/RIK in discerning and offering credit values for the purpose of Oil and Gas sales of assets under federal leases. Improvements to the RIK credit scoring policy support the overall MRM royalty asset management strategy by minimizing potential credit risk exposure and thereby increasing assurance of proper royalty revenue receipt. The RIK Office implemented a standardized credit scoring model in late 2000. The model has served as an effective and useful launch-point for the RIK program to determined creditworthiness of RIK counterparties. The model essentially weights financial scoring criteria and derives a recommended credit limit based on the quantitative aspects of financial statement analysis. However, the RIK Office also considers other factors such credit rating agency credit ratings, business reputation, payment histories, and other qualitative factors in establishing approved credit lines for RIK counterparties. The RIK Office uses this model to assess both potential RIK counterparties during the "pre-qualification" process as well as for monitoring credit exposures for current RIK purchasers. The RIK Office currently evaluates and scores more than 100 counterparties The RIK program has matured substantially over the years and involves many different types of counterparties. Both the program and the energy industry have evolved to include industrials, utilities, municipals, cooperatives and other end-users, financial institutions, cooperatives, global energy companies (including foreign-based firms), independent refiners, marketing and trading entities, and pipelines, just to name a few. The financial profiles and business structures of companies in each of these energy sectors vary significantly, and should be accounted for in the credit scoring process. Also, in light of increased awareness and recognition of the importance of the credit function in energy-related transactions, a trend towards more comprehensive examination of counterparty financial conditions and creditworthiness has been observed in the domestic energy industry. As such, the RIK Office seeks to improve and enhance its credit management processes to maintain a "leading practices" approach in its business model. The Government will award a contract resulting from this solicitation to the responsible offeror whose offer conforming to the solicitation will be most advantageous to the Government, price and other factors considered. The following factors shall be used to evaluate offers: Credit Scoring Model Criteria 1. An automated credit scoring model for evaluating and scoring companies in all facets of the energy industry 2. Generates a recommended unsecured credit limit 3. Uses weighted average factoring of multi-variables 4. Provides for detailed analysis of financial statements 5. Evaluates cash flow parameters 6. Considers external credit ratings 7. Considers subjective and qualitative factors 8. Adjusts to type of company in the energy industry (i.e., producer, marketer, refiner, end-user, utility, etc.) 9. Has been back-tested to affirm accuracy 10. Is flexible for adjustment or modification based on changing industry conditions 11. Allows for adjustments to financial data to be input 12. Provides auditable record for credit scoring decisions 13. Has strong report generating capabilities 14. Employs straightforward methodology and is user friendly Offerors shall provide product literature, product samples (if necessary to supplement the offer), technical features and warranty provisions to satisfy the criteria above. Offerors shall be evaluated on the following: (i) technical capability of the item offered to meet the Government requirement/criteria (ii) price; (iii) past performance; Options. The Government will evaluate offers for award purposes by adding the total price for all options to the total price for the basic requirement. The Government may determine that an offer is unacceptable if the option prices are significantly unbalanced. Evaluation of options shall not obligate the Government to exercise the option(s). Offerors shall provide any annual maintenance prices as options. Offerors shall detail in their proposal what services and products are provided as part as the annual maintenance price. A written notice of award or acceptance of an offer, mailed or otherwise furnished to the successful offeror within the time for acceptance specified in the offer, shall result in a binding contract without further action by either party. Before the offer's specified expiration time, the Government may accept an offer (or part of an offer), whether or not there are negotiations after its receipt, unless a written notice of withdrawal is received before award. Offerors shall complete FAR 52.212-03 OFFEROR REPRESENTATIONS AND CERTIFICATIONS- COMMERCIAL ITEMS, JUNE 2006 and provide it with its offer. FAR 52.212-04 shall be incorporated into any resultant contract. FAR 52.212-05 shall be incorporated into any resultant contract and the following additional clauses contained under FAR 52.212-05 shall be incorporated into any resultant contract. 52.203-6, Restrictions on Subcontractor Sales to the Government (JUL 1995, with Alternate I (OCT 1995) (41U.S.C. 253g and 10 U.S.C. 2402). 52.219-6, Notice of Total Small Business Set-Aside (JUNE 2003) (15 U.S.C. 644). 52.222-3, Convict Labor (June 2003) (E.O. 11755). 52.222-19, Child Labor-Cooperation with Authorities and Remedies (JAN 2006) (E.O. 13126). 52.222-21, Prohibition of Segregated Facilities (Feb 1999). 52.222-26, Equal Opportunity (Apr 2002) (E.O. 11246). 52.222-35, Equal Opportunity for Special Disabled Veterans, Veterans of the Vietnam Era, and Other Eligible Veterans (Dec 2001) (38 U.S.C. 4212). 52.222-36, Affirmative Action for Workers with Disabilities (Jun 1998) (29 U.S.C. 793). 52.222-37, Employment Reports on Special Disabled Veterans, Veterans of the Vietnam Era, and Other Eligible Veterans (Dec 2001) (38 U.S.C. 4212). 52-225-1, Buy American Act-Supplies (June 2003) (41 U.S.C. 10a-10d) 52.225-3, Buy American Act -Free Trade Agreements - Israeli Trade Act (Apr 2006) (41 U.S.C. 10a-10d, 19 U.S.C. 3301 note, 19 U.S.C. 2112 note, Pub. L. 108-77, 108-78, 108-286) 52.225-13, Restrictions on Certain Foreign Purchases (Feb 2006) (E.o.s, proclamations, and statutes administered by the Office of Foreign Assets Control of the Department of the Treasury).
- Web Link
-
Please click here to view more details.
(http://ideasec.nbc.gov/j2ee/announcementdetail.jsp?serverId=MM143501&objId=339507)
- Place of Performance
- Address: Minerals Management Service Western Administrative Service Center (WASC) Procurement Branch P.O. Box 25165, MS 2730 Denver, Colorado 80225
- Zip Code: 802250165
- Country: USA
- Zip Code: 802250165
- Record
- SN01180213-W 20061115/061113220610 (fbodaily.com)
- Source
-
FedBizOpps Link to This Notice
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