SOLICITATION NOTICE
D -- Financial Stress Scores - Online Subscription
- Notice Date
- 4/14/2016
- Notice Type
- Cancellation
- NAICS
- 519130
— Internet Publishing and Broadcasting and Web Search Portals
- Contracting Office
- Pension Benefit Guaranty Corporation, Chief Management Officer, Procurement Department, 1200 K Street, N.W., Washington, District of Columbia, 20005-4026, United States
- ZIP Code
- 20005-4026
- Solicitation Number
- PBGC01-RQ-0063
- Archive Date
- 4/20/2016
- Point of Contact
- Julian O. Boggan, Phone: 20232640003088
- E-Mail Address
-
boggan.julian@pbgc.gov
(boggan.julian@pbgc.gov)
- Small Business Set-Aside
- N/A
- Description
- The Pension Benefit Guaranty Corporation (PBGC) intends to make a sole source award to Dun & Bradstreet for annual online subscription services. Corporate Finance & Restructuring Department (CFRD) requires the DNB Financial Stress Scores TM (FSS) to be provided twice a year for the completion of the June 30th and September 30th PBGC financial statements. The FSS rating system is a proprietary risk modeling system, developed by DNB using statistical models of their own design. Specific to the PBGC, the FSS have probabilities of default assigned to them which PBGC needs to classify companies as "Reasonably Possible" or "Remote" based on generally accepted accounting standards. As the FSS are the only ratings numbers approved for PBGC financial statement purposes, we cannot use another company's numbers/rating system until and only if another rating system is reviewed, back-tested and approved. The FSS are an integral part of completing PBGC's audited financial statements. The FSS have been thoroughly back-tested, vetted, and approved by PBGC's Chief Financial Officer and internal and external auditors for use in completion of PBGC's financial statements. PBGC uses the DNB FSS to identify risk to the pension plans insured by PBGC for financial statement purposes. We use the DNB FSS, and the associated probabilities of default (PODs), for companies with large, underfunded defined benefit plans, when other approved rating systems are not available, because the DNB FSS has been compared to the others and found to be equivalent. The DNB FSS is one approved rating system that provides an indication of the potential risk that PBGC will have to terminate a plan in the future, and thereby potentially book a loss in the future on our financial statements. The auditors have accepted this standard for financial statement purposes, so its continued use is essential to ensure that we get a clean audit opinion. The contract action is being sought under the FAR 6. 302-1, only one responsible source and no other supplies or services will satisfy agency requirements. The anticipated Period of Performance (PoP) is one Base Year and four (4) Option Year. This is not a request for proposals but a Notice of Intent. No solicitation will be issued. Interested parties may, however, request further information (no later than 8:00AM Eastern Standard Time, on April 19, 2016) by email to the Contracting Officer, Julian O. Boggan Sr. at boggan.julian@pbgc.gov.
- Web Link
-
FBO.gov Permalink
(https://www.fbo.gov/spg/PBGC/CMO/PD/PBGC01-RQ-0063/listing.html)
- Place of Performance
- Address: 1200 K Street NW, Washington, District of Columbia, 20005, United States
- Zip Code: 20005
- Zip Code: 20005
- Record
- SN04083866-W 20160416/160414234238-aa1dccaf128b40d312a02dcad43c0ebd (fbodaily.com)
- Source
-
FedBizOpps Link to This Notice
(may not be valid after Archive Date)
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