SOURCES SOUGHT
99 -- RFI: OCC's Actuarial Liabilities Valuation Services
- Notice Date
- 11/9/2023 11:35:56 AM
- Notice Type
- Sources Sought
- Contracting Office
- COMPTROLLER OF CURRENCY ACQS WASHINGTON DC 20219 USA
- ZIP Code
- 20219
- Solicitation Number
- 2031JW24N00003
- Response Due
- 11/27/2023 9:00:00 AM
- Archive Date
- 12/27/2023
- Point of Contact
- Anethra Facione, Phone: 2026490000
- E-Mail Address
-
Anethra.Facione@occ.treas.gov
(Anethra.Facione@occ.treas.gov)
- Description
- This is a request for information only - it does not constitute an Invitation for Bids (IFB), Request for Proposals (RFP), or Request for Quotation (RFQ). This RFI is issued solely for information and planning purposes and does not commit the OCC to issue a solicitation (RFP/RFQ) or award a contract for any supply or service whatsoever. The OCC will not pay for any information or administrative costs incurred in response to this RFI.� All costs associated with responding to this RFI will be solely at the Respondents� expense. Those who respond to this RFI should not anticipate feedback concerning its submission other than acknowledgement of receipt if the Submitter requests acknowledgement. �The OCC elects to respond to comments and questions resulting from Respondents� Q&A Worksheet submission if it is determined that doing so would benefit the agency. Introduction The Office of the Comptroller of the Currency (OCC) is requesting information on a valuation of actuarial liabilities for OCC�s retiring and retired employees� and their spouses/domestic partners, where applicable. Ideally, the Government seeks projections of OCC�s plan members� postretirement life insurance benefits to liabilities using various assumptions, including demographics, economic changes, contributions and investments over time. Background The OCC is a non-appropriated federal financial regulatory agency responsible for regulating and supervising all national banks and federal savings associates.� The majority of OCC�s employees are located within the Washington, DC metropolitan area.� As of January 2023, the OCC had approximately 3,633 employees average age is 45, and noticeably across the agency, the employees collectively on average have 15.5 years of federal service. Requirements Description The Government (OCC) seeks actuarial liabilities valuation services information that would abet the OCC in its analysis of future spending for its employees� Federal Employee Group Life Insurance (FEGLI) or the OCC Group Life Plan benefits. �The OCC desires a solution that performs predictive calculations and data projections using OCC�s plan(s) participants� demographics for the purposes of furnishing an actuarial valuation model/report that estimates fair value of the OCC�s future member�s postretirement life insurance actuarial liabilities of its retiring and retired employees� benefits (i.e., FEGLI, OCC Group Life Plan, and both). �In addition, the OCC will require these services in order to �meet security and accessibility requirements. RFI Submission Responses: Interested Respondents are requested to respond to this RFI electronically, that identifies the information below. Company Background - Provide summary information including company name, Unique Entity Identification number, CAGE code, Government-wide Acquisition Contracts (e.g., GSA Multiple Award Schedules, NIH National Institutes of Health Information Technology Acquisition and Assessment Center), schedule holder number(s) (if applicable), and designated point of contact's name, title, email address and phone number Company Classifications � Relevant asserted North American Industry Classification System (NAICS) Code(s), and Product Service Code(s) (PSCs) (as applicable), business size, socioeconomic status, Provide recommended NAICS Code(s) Provide recommended PSC(s) Solution and Service Overview � Describe transition in and out support performed, in terms of transitioning into and out of a contract for support, transfer of data, information/documents, and duties, as well as transition meeting participation and completion checklists.� Outline the valuation services, methods, tool(s)/application(s)/program(s), resources, and other techniques used to formulate the estimated/assumption value reports; including mid-year and final actuarial reports.� Provide details on demographic extractions, study, and comparisons that would be used to perform these services.� Identify presentations that have been conducted to Federal Government executive leaders on final valuation reports, including research, findings (e.g., impacts, economic changes), valuation results, and recommendations.�� Published Catalogs and Pricing Structure � Provide published price lists or catalog(s). If applicable, provided information on volume discounts, and favored customer discounts.� Provide the CLIN structure of a previous valuation services effort similar in nature established to forecast actuarial liabilities of retiring/retired employees� benefits and that of their spouses/domestic partners. Provide previous and recommended CLIN structures, including: a) firm-fixed-price (FFP), b) FFP, level-of-effort (LOE), c) time and materials (T&M), d) labor-hour (LH), or e) a combined/hybrid approach. �Include the breakdown of work performed/deliverables completed to hours (i.e., LOE) over the course of a 1-year effort (1-month increments).� Identify whether the FFP, T&M, LH, or combined contract types remains unchanged throughout the duration of the contract.� NOTE: At this time, the Government is contemplating a FFP, LOE contract type.� Schedule Estimate/Delivery � Delineate factors which would affect the time it would take to complete the project successfully. Include specifics about the data transfer and transition, timeline for when reports are due, delay in demographic research to furnish a valid study, and any other information or recommendations relevant to scheduling. Requirements Capability � Respondents should address details of its capability to meet the: a) technical and deliverables requirements; b) key personnel (including job duties, years of experience, qualification, certifications, and education as applicable); c) IT security compliance requirements including cybersecurity in accordance with NIST Special Publication 800-171, OCC IT security; d) Section 508 of the Rehabilitation Act of 1973.� Identify any assumptions, constraints, agreements, terms, conditions, and/or exhibits the Government would need to consider when entering into an agreement (i.e., contract) for which a company cannot meet the capability requirements, and a waiver/exception is required. Subcontracting possibilities � Respondents should identify any Small Business (SB) opportunities to allow SBs to expand its offering(s) and gain experience(s) in performing Actuarial Liabilities Valuation Services. RFI Submission Instructions: Responses shall be in single-spaced, Times New Roman or Arial, no less than 12-point font format, with one-inch margins all around, compatible with MS Office Word or Adobe Acrobat sent via email as courier delivery will not be accepted. Responses to the RFI shall not exceed 10 pages shall not exceed 5 MB and shall be printable on 8 �� x 11� paper. �If a Respondent elects to include pricing, it is limited to one page inclusive of a narrative. Similarly, if a Respondent elects to complete the Questions and Answers Attachment, there is no page limitation to the template provided, and should be presented with the submission.� The government reserves the right to or not to answer those questions received. Respondents shall avoid the use of excessive marketing language, submission of fancy brochures, and other unnecessary sales literature.� The email should include the following subject heading, �Response to OCC�s ALVS RFI #2031JW24N00003� As noted above, this RFI is issued solely for information purposes, and therefore, documents received in response to this notice will not be returned, and any proprietary information contained within responses shall be clearly marked as �Proprietary�. �All submissions in response to this RFI shall become the property of the Government. Any response submitted by Respondents to this request constitutes consent for its submission to be reviewed by OCC and its employees. Please email your response to: Anethra.Facione@occ.treas.gov by 12:00 PM Eastern Time, Monday, November 27, 2023.
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- Record
- SN06881468-F 20231111/231109230324 (samdaily.us)
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