Escrow and Investment Fund Management Support Services   3

Amendment 0001 - Revised language for RFI response to be submitted via email rather than via eBuy

This is a Sources Sought Notice

Introduction:

The U.S. Department of Agriculture (USDA), Rural Development (RD) Business Center (BC) in St. Louis, MO, is soliciting information on potential sources to provide Escrow and Investment Fund Management Support Services. The anticipated NAICS Code (North American Industry Classified System) 522110 Commercial Banking.

THIS IS A SOURCES SOUGHT NOTICE ONLY. This is not a solicitation or a request for proposal and no contract will be awarded from this notice. No solicitation or specifications are available currently. This sources sought will not be linked to the solicitation.

Description:

The principal purpose of this performance work statement is for Escrow and Investment Fund management support services for USDA's- RD-BC. The awardee will maintain, administer, and report USDA- RD-BC's disbursement, banking, custody, and investment activity services as they relate to deposits and disbursements. The awardee will provide professional banking services, ensure timely and accurate reconciliation of the various investment and disbursement bank accounts, and provide professional investment advice to ensure maximum return on investments while preserving principal.

The awardee shall provide all personnel, compatible software, access to reconciliation tools, financial system administrative set-up, supervision and other items and services necessary to perform the disbursement, banking, custody and investment services, and management reports (i.e., "Full" month-end (M/E) Account Reconciliation Plan (ARP) to include the prior months activity for cleared, voided, stop paid and outstanding checks, miscellaneous bank adjustments, M/E bank statements for each bank account, quarterly investment review for both Custody Accounts, etc.) as defined in this Performance Work Statement (PWS).

It is expected that the firms responding to this sources sought possess the qualifications, expertise and understanding to fulfill the above mentioned services. It is also expected that the firms will follow the compliance and remain consistent with all Federal, State and local statues, regulations and standards.

AGAIN, THIS IS NOT A REQUEST FOR PROPOSALS. This is for planning purposes only and is a market research tool seeking sources to meet all requirements in PWS stated above.

If your organization can provide these services set forth in the PWS, please respond to this RFI via email and provide your capability statements, questions or clarifications related to the attached PWS to both brookelyn.nelson@usda.gov and ryan.shappell@usda.gov.