Loren Data Corp.

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COMMERCE BUSINESS DAILY ISSUE OF FEBRUARY 22,2000 PSA#2541

Pension Benefit Guaranty Corporation, Procurement Department, 1200 K Street, NW, Suite 1090, Washington, DC 20005-4026

R -- FINANCIAL STATEMENT AUDITING SERVICES SOL PBGC01-00-RP-2000 DUE 032400 POC Contract Point, Deborah Stover-Springer, 202/326-4030, Contracting Officer, Wayne Robert Poll, 202/326-4030 The Office of Inspector General, Pension Benefit Guaranty Corp. (PBGC) expects to solicit proposals for auditing services to conduct the financial statement audit of PBGC. The audit requires a report on the financial statements, an opinion that management's assertion concerning the design and effectiveness of the internal control structure is fairly stated, and a report on compliance with laws and regulations. This contract encompasses FY2000 with options to audit four successive fiscal years. The audit must be conducted in accordance with generally accepted government auditing standards (Yellow Book, as amended) and in compliance with GAO's Financial Audit Manual. Written requests for solicitation materials must be received by March 24, 2000. Prospective bidders are required to submit a conflict of interest statement at the time they request the solicitation and a certification of their experience in conducting Yellow Book financial statement audits. The conflict of interest statement must list all contracts that the bidder is currently performing for PBGC or for which it has submitted a proposal that is currently under PBGC evaluation. The bidder must further demonstrate that it is not precluded by an actual or apparent conflict in its representation of other parties whose interests are adverse to PBGC. For each identified conflict, the bidder must submit detailed information about the conflict and the steps it proposes for elimination or mitigation of the conflict. The certification of Yellow Book experience must include a list of government clients for which financial statement audits have been conducted and should include experience with GAO's Financial Audit Manual. Submission of both the conflict of interest statement and the Yellow Book certification are mandatory pre-qualification criteria. Only those bidders deemed not to have a disqualifying conflict of interest and who have submitted the Yellow Book certification will be permitted to submit a technical and cost proposal. Requests for a copy of the solicitation, conflict statements, and Yellow Book certifications will be accepted by facsimile machine (202-326-4033). Any inquires should be directed to the Office of Inspector General, Pension Benefit Guaranty Corporation, 1200 K Street, NW, Room 470, Washington, DC 20005-4026. Posted 02/17/00 (W-SN426541). (0048)

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