SOURCES SOUGHT
B -- Statistical CAMELS Offsite Rating (SCOR) Model Validation
- Notice Date
- 6/12/2015
- Notice Type
- Sources Sought
- NAICS
- 541618
— Other Management Consulting Services
- Contracting Office
- FDIC Headquarters 3501 Fairfax Drive, Room VS-E-4th Floor, Arlington, Virginia, 22226-3500
- ZIP Code
- 22226-3500
- Solicitation Number
- OCRM-SCOR-2015-06-12
- Archive Date
- 7/12/2015
- Point of Contact
- Richard A. Sites, Phone: 703-562-2697
- E-Mail Address
-
rsites@fdic.gov
(rsites@fdic.gov)
- Small Business Set-Aside
- N/A
- Description
- The Federal Deposit Insurance Corporation (FDIC) is seeking sources for advisory services regarding the review and validation of its Statistical CAMELS Offsite Rating (SCOR) model. This sources sought is for planning purposes only and shall not be construed as a Request for Proposal or as an obligation on the part of the FDIC to acquire any products or services; submitting a response does not ensure your firm will be solicited on any resulting Request for Proposal. The FDIC does not intend to award a contract on the basis of this request or otherwise pay for the information requested. Submission of a response to this request is entirely voluntary. The voluntary submission of a response to this request shall not obligate the FDIC to pay or entitle the submitter of information to claim any direct or indirect costs or charges or any other remuneration whatsoever. The FDIC strongly encourages the participation of minority-owned and women-owned businesses in all the business and contracting activities of the FDIC. The FDIC is currently exploring market capabilities for providing services to advise and assist in the review and model validation and verification of the SCOR model. As a general background, the FDIC maintains stability and public confidence in the nation's financial system by insuring deposits, examining and supervising financial institutions for safety and soundness and consumer protection, and managing receiverships. SCOR helps the FDIC to identify institutions that have experienced or are more likely to experience material financial deterioration, to identify changes in the overall health of the banking system, and to inform other decisions and research in furtherance of the FDIC's mission. Please see the article "The SCOR System of Offsite Monitoring: Its Objects, Functioning, and Performance" FDIC Banking Review, Vol. 15, No. 3 (2003) (https://www.fdic.gov/bank/analytical/banking/2003sep/2_15n3.pdf) for additional information about SCOR. The FDIC wishes to conduct an evaluation of SCOR that includes the following: • review of the model's conceptual soundness, logic, construction, and quantitative methods that yield an understanding of the stability, sensitivity, and limitations of the subject model; • analysis of model performance over a recent period of operation, including a statistical analysis of estimates produced by the model versus observed experience; • identification or development of alternative approaches to improve the estimates generated by current model; • a verification of the model's implementation within the FDIC; and • recommendations for modifications to existing model's code and documentation, with work potentially including substantial changes to the code and documentation. Responses should focus on your firm's capabilities to provide services to advise and assist the FDIC with the review and validation of SCOR. Please provide the following: 1. A statement detailing your expertise in evaluations of the type listed above, including a description of your organization's and key employees' qualifications in the following areas: a. modeling, model review, validation, and verification (including experience in providing independent model review and evaluations for third parties); b. econometric and statistical analysis of financial and economic data, noting especially any experience analyzing Call Report data; and c. advanced SAS programming. 2. A description of your fee structures and pricing mechanisms for all services. 3. A list of representative clients. 4. A point of contact: Name Company Name & Address Phone number Email address Please do not exceed ten pages; however, you may submit any supplemental marketing literature. Please submit your written response to Richard Sites via email at rsites@fdic.gov or by fax at (703) 812-7428 by 10:00 a.m. EDT on June 30, 2015. Questions or requests for clarification must be received by 10:00 a.m. EDT on June 16, 2015, via email at rsites@fdic.gov or via facsimile at (703) 812-7428.
- Web Link
-
FBO.gov Permalink
(https://www.fbo.gov/spg/FDIC/HQ/ACSB/OCRM-SCOR-2015-06-12/listing.html)
- Record
- SN03763572-W 20150614/150612235748-36911c87b9283d0267a0526bc5a07fa5 (fbodaily.com)
- Source
-
FedBizOpps Link to This Notice
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