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COMMERCE BUSINESS DAILY ISSUE OF MARCH 16,2000 PSA#2558Federal Retirement Thrift Investment Board, 1250 H St., NW, Suite 200,
Washington, DC 20005 R -- PROFESSIONAL, ADMINISTRATIVE, AND MANAGEMENT SUPPORT SERVICES SOL
TIB-2000-R-01 POC Strat D. Valakis, 202/942-1670 WEB: FRTIB Business
Web Site, http://www.frtib.gov. E-MAIL: CONTRACTING OFFICER,
SVALAKIS@TSP.GOV. The Federal Retirement Thrift Investment Board
(Board), created by the Federal Employees' Retirement System Act of
1986, administers the Thrift Savings Plan (TSP) for Federal and Postal
employees. The TSP is a retirement savings plan, similar to private
sector 401(k) plans, with a fund balance of approximately $90 billion.
The Board has a requirement for equity index fund asset management,
investment management, and custodial services of assets of the TSP.
Prospective offerors must meet the following qualifications: (1) The
offeror must provide a daily valued, commingled Standard & Poor's 500
(S&P 500) stock index fund suitable for a tax-qualified plan, with a
performance history of not less than three years; (2) The prospective
commingled S&P 500 index fund must have a minimum market value of $55
billion as of June 30, 2000; (3) The offeror must be a qualified
professional asset manager as defined at 8438 of Title 5 of the United
States Code; (4) The offeror must comply with the statutory
requirements specified in 8438 and 8478 of Title 5 of the United States
Code and must agree to serve as a fiduciary of the Thrift Savings Fund
as de-fined in 8477 of Title 5, with respect to all assets under
management or custody; (5) The offered fund must provide a securities
lending program; (6) The offered fund must accept trades each business
day, on a pre-notification trade basis (i.e., trade executed at
closing stock prices on the trade date), with an investment
notification deadline no earlier than 2:00 p.m., ET. The offered fund
must accept funds to cover purchases one business day after the trade
date and must wire redemption proceeds one business day after the trade
date; (7) The offeror must provide, through an electronic data file in
the format provided by the Board, to the TSP record keeper on each
business day, the TSP's share of the proposed fund's total earnings, in
dollars, for that business day. Total earnings include capital gain or
loss (net of trading costs), dividend income, securitieslending
income, and any other income. The daily earnings are to be transmitted
as soon as available each business day, but no later than 6:00 p.m.,
ET; and (8) Offerors must have established proxy voting policies they
will provide to the Board and be prepared to submit reports explaining
any exceptions to the stated policies during the life of the contract.
The solicitation package, RFP TIB-2000-R-01, is expected to be
available on or about May 19, 2000. The term of the contract will be
three years, with an option for the Board to renew for an additional
two years. Interested parties are invited to submit a written request
for the solicitation or download a copy of the solicitation from the
Board's business web site at www.frtib.gov. For additional information
contact the Contract Office at (202) 942-1694; collect calls will not
be accepted. All responsible sources may submit an offer which will be
considered if it meets the minimum requirements. Posted 03/14/00
(W-SN434352). (0074) Loren Data Corp. http://www.ld.com (SYN# 0055 20000316\R-0008.SOL)
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