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 RECONCILLIATIONS SOL n/a DUE 021699 POC Vickie Chesley (Contract Specialist), 202-708-1585, x7156 or Annette Hancock (Contracting Officer, 202-708-1585, x7148 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 C-OPC-18131, 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 September 1999. Therefore, the contract requires a base 6-month extension period (Mar 1999 through Aug 1999 -- Aug being the transistioning month). However, should unforeseen system development delays occur, an additional 4-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. Posted 01/12/99 (W-SN287222). (0012)

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