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I. INTRODUCTION
The General Services Administration (GSA) Assisted Acquisition Services (AAS), on behalf of the Department of Housing and Urban Development (HUD), Government National Mortgage Association (GNMA), is contemplating awarding a sole source contract for one (1) base year period, with a one (1) year option period. The award is planned for July 1, 2016, to coincide with the end of the incumbent's current contract. Accordingly, and pursuant to FAR 5.201, this ‘Notice of Intent' is published, herewith.
II. BACKGROUND
The original contract, DU100G-15-C-07, was awarded on December 9, 2014 to EY. This action was issued under the authority of 41 U.S.C. § 3304(a)(2), Unusual and Compelling Urgency, pursuant to FAR § 6.302-2. The contract was executed by HUD, Office of the Chief Procurement Officer on a sole source basis utilizing the noncompetitive negotiation procedures of FAR Part 15 Contracting by Negotiation.
Under the current contract, EY commenced their discovery of issues and determined that Ginnie Mae's staffing and financial management systems were insufficient to meet the accounting requirements arising from the growing complexities of the current reporting environment. Furthermore, EY and Ginnie Mae self-identified additional weaknesses and inconsistencies with commercial Generally Accepted Accounting Principles (GAAP) financing reporting standards. A continuation of EY's discovery also identified significant gaps in the requisite loan data and accounting event information necessary to establish adjusting entries that remediate the identified financial reporting deficiencies. As a result, the scope, scale, and complexity of the remediation efforts greatly expanded from those originally envisioned under the original contract.
III. GENERAL DESCRIPTION
This procurement is for the continuation of the development of a sophisticated Sub-Ledger Database (SLDB) tool and the assembly of a complicated forensic loan level analysis required to remediate a Material Weakness and resulting DISCLAIMED audit opinion issued by the Inspector General in its FY 2014 and FY 2015 Audit Reports. The SLDB is a complex component of the total accounting system that is being developed by multiple contractors of which the SLDB will link to provide journal entries.
In addition, this Contractor shall continue to provide: i) assistance in the remediation of high priority issues preventing the completion of the financial statement audits; ii) audit readiness, business process improvement, and internal control and governance services in order to improve the design and operating effectiveness of Ginnie Mae's controls over financial reporting; and iii) day-to-day operational support. The work shall also assess audit readiness with AU-C Section 402, Audit Considerations Relating to an Entity Using a Service Organization.