SOLICITATION NOTICE
B -- Actuarial Services of post-retirement benefits.
- Notice Date
- 2/14/2014
- Notice Type
- Fair Opportunity / Limited Sources Justification
- NAICS
- 524298
— All Other Insurance Related Activities
- Contracting Office
- Department of the Treasury, Comptroller of the Currency (OCC), Acquisition Management (AQM), 250 E Street, SW, Mail Stop 4-13, Washington, District of Columbia, 20219
- ZIP Code
- 20219
- Solicitation Number
- CC14HQQ0027
- Archive Date
- 3/16/2014
- Point of Contact
- Feroz J. Rehman, , Natalie Dao Wallace,
- E-Mail Address
-
feroz.rehman@occ.treas.gov, Natalie.Wallace@occ.treas.gov
(feroz.rehman@occ.treas.gov, Natalie.Wallace@occ.treas.gov)
- Small Business Set-Aside
- N/A
- Award Number
- TCC14HQP0093
- Award Date
- 3/7/2014
- Description
- The Office of the Comptroller of the Currency (OCC) intends to award an order to AON Hewitt for actuarial services of post-retirement benefits. The OCC's Financial Management section is in need of a renewal of its post-retirement actuarial valuation services. These services provide the OCC with a full scope actuarial valuation of the OCC and OTS frozen grandfather retiree group, postretirement life insurance benefits liability. The purpose of this valuation is to fulfill the OCC's accounting requirements under Statement of Financial Accounting Standard No. 106, Employer's Accounting for Post Retirement Benefits other than Pensions. Only AON Hewitt has been deemed capable of satisfying this requirement because: 1) They possess institutional knowledge/capability relating to this requirement that can only be attained through being the incumbent vendor 2) It would not be cost-effective to award this requirement to another vendor based on extensive market research that showed other vendors would charge 10 to 16 times greater for these services 3) Awarding this requirement to AON Hewitt is a logical follow on to TOTSD10P00106 This requirement will have a period of performance as follows: Base period: 03/07/2014 - 10/01/2014 And Up to 4 Option Years as follows: Option Period 1: 10/02/2014 - 10/01/2015 Option Period 2: 10/02/2015 - 10/01/2016 Option Period 3: 10/02/2016 - 10/01/2017 Option Period 4: 10/02/2017 - 10/01/2018 This notice of intent is not a request for competitive proposals; however, firms that believe they can provide a service that fully meets the Government's requirements may submit substantiating documentation in writing to the identified point of contact within (10) days after publication of this synopsis. Such documentation will be evaluated solely for the purpose of determining whether or not to conduct this procurement on a competitive basis. A determination by the Government not to compete this proposed effort on a competitive basis, based upon the responses to this notice, is solely within the discretion of the government. Oral communications are not acceptable in response to this notice.
- Web Link
-
FBO.gov Permalink
(https://www.fbo.gov/spg/TREAS/OCC/ASDMS413/CC14HQQ0027/listing.html)
- Place of Performance
- Address: 400 7th Street SW, Washington, District of Columbia, 20219, United States
- Zip Code: 20219
- Zip Code: 20219
- Record
- SN03289009-W 20140216/140214233905-ae9569dd76cbe057a0b6ddc225f24cbe (fbodaily.com)
- Source
-
FedBizOpps Link to This Notice
(may not be valid after Archive Date)
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