U.S. Department Of Housing And Urban Development, Office Of Procurement And Contracts, Program Support Division (ARCS), 451 7th Street, Sw, Room 5256, Washington, DC 20410

R -- CONTINUATION OF RISK-BASED PREMIUM RECONCILIATIONS SOL n/a DUE 012198 POC Vickie Chesley (Contract Specialist), (202) 708-1585, x141 or Dolores Ammons-Barnett (Contracting Officer), (202) 708-1585, x134 E-MAIL: Click here to contact Constance V. Chesley, Constance_V._Chesley@hud.gov.. The Department has a continued need of the existing contractor (MGIC Investor Services Corporation), under Contract DU100C000018131, to perform the reconciliation of the risk-based portfolio until HUD's Single Family Premium Collection System-Periodic (SFPCS-P) replacement system is fully operational. The Department is in its final development stages of SFPCS-P. Implementation is scheduled for July 1998. Therefore, the contract requires a base 6-month extension period (Mar 1998 through Aug 1998 -- Aug being the transistioning month). However, should unforeseen system development delays occur, an additional 6-month option period is being included to accommodate such delays. This requirement satisfies the Omnibus Budget Reconciliation Act of 1990 and the National Affordable Housing Act that requires the collection of risk-based premiums for mortgages insured under the provisions of the Mutual Mortgage Insurance Fund. See Note 22. (0350)

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