Loren Data Corp.

'

 
 

COMMERCE BUSINESS DAILY ISSUE OF MARCH 16,2000 PSA#2558

Federal 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)


R - Professional, Administrative and Management Support Services Index Page