SOURCES SOUGHT
R -- Terrorist Risk Insurance Program (TRIP) Audit Services - DRAFT Statement of Work (SOW)
- Notice Date
- 2/26/2013
- Notice Type
- Sources Sought
- NAICS
- 541219
— Other Accounting Services
- Contracting Office
- Department of the Treasury, Internal Revenue Service (IRS), National Office Procurement (OS:A:P), 6009 Oxon Hill Road, Suite 500, Oxon Hill, Maryland, 20745
- ZIP Code
- 20745
- Solicitation Number
- 13PR-TDP-0211
- Point of Contact
- Justin C. DeWitt, Phone: 2022831230
- E-Mail Address
-
justin.c.dewitt@irs.gov
(justin.c.dewitt@irs.gov)
- Small Business Set-Aside
- N/A
- Description
- DRAFT SOW for TRIP Audit Services Contract The Department of the Treasury's (Treasury), Internal Revenue Service's (IRS) Office of Treasury Procurement Services (OTPS), on behalf of the Terrorism Risk Insurance Program (TRIP) Office anticipates the competitive renewal of an Indefinite Delivery Indefinite Quantity (IDIQ) contract with a one-year base period plus (4) one-year option periods. The IDIQ is for reinsurance claims audit services intended to ensure adherence to the requirements of the Terrorism Risk Insurance Act of 2002, as amended compliance with the regulations issued pursuant to the Act, and to promote the operating efficiency and financial integrity of the TRIP. The contractor is to coordinate with and complement the work of the Claims Management contractor responsible for receiving and processing insurer requests for compensation for insured losses following a certified act of terrorism. Additionally, the TRIP audit contractor will audit the procedures use by the Claims Management contractor to avoid conflicts of interest in processing. This notice is an attempt by the Government to perform market research to identify potential sources. The TRIP office's mission is to implement the Terrorism Risk Insurance Act (TRIA) of 2002 (Pub. L. 107-297, 116 Stat. 2322), as amended. The Act's purposes are to address market disruptions, ensure the continued widespread availability and affordability of commercial property and casualty insurance for terrorism risk, and to allow for a transition period for private markets to stabilize and build capacity while preserving state insurance regulations and consumer protections. Further information on the TRIP/TRIA can be found at the following link: http://www.treasury.gov/resource-center/fin-mkts/Pages/program.aspx. At the link there is further information on the original TRIA Act of 2002, the TRIA Extension Act of 2005, and the TRIA Reauthorization Act of 2007. The Treasury on June 29, 2004, issued a final Claims Procedures Rule, effective July 31, 2004, as part of its implementation of title I of TRIA; 69 FR 39296. TRIA also contains specific provisions designed to manage litigation arising out of, or resulting from, a certified act of terrorism. On July 28, 2004, Treasury issued a final rule concerning litigation management, 69 FR 44932. TRIA, the Claims Procedures Rule, the Litigation Management Rule and related rules found in 31 C.F.R. Part 50 contain certain definitions, requirements, and procedures for insurers filing claims with Treasury for payment of the Federal share of compensation for insured losses under the TRIP. The Claims Procedures Rule, in particular, specifically addresses requirements for Federal payment, the submission of an initial notice of insured loss, loss certifications, the timing and process for payment, associated recordkeeping requirements, as well as Treasury's audit and investigation authority. These procedures apply to all insurers that wish to receive their payment of the Federal share of compensation for insured losses under TRIA. On December 26, 2007, the President signed into law the Terrorism Risk Insurance Program Reauthorization Act of 2007 which extends the TRIA through December 31, 2014. The law extends the temporary federal Program that provides for a transparent system of shared public and private compensation for insured losses resulting from acts of terrorism. The contractor under this IDIQ will provide services both prior to and following a certified act of terrorism including the review of concepts and documentations, analyze operational alternatives, participate in testing and as appropriate, e.g. and upon activation by a certified terrorist act would: (1) audit the procedures used by the Claims Management contractor for accuracy; review or audit insurer submissions, as required; (2) work to ensure an avoidance of conflicts of interest in processing; and (3) coordinate with and complement the work of the Treasury's Office of the Inspector General (OIG), their authorized independent financial statement auditor or other authorized audit or investigative entities. As intended by this Sources Sought Notice, the Government is attempting to gather market research information from contractors regarding their capabilities to the requirements stated within this notice. Therefore, interested parties should provide their statement of capabilities inclusive of relevant experience and level of staff available to successfully ensure adherence to the requirements of the TRIA of 2002, as amended and operating efficiency and financial integrity of the TRIP. For your perusal, the Government has supplied the DRAFT Statement of Work, for further information and for offerors to determine their interests. Interested parties should provide requested information via e-mail to Mr. Justin DeWitt, Contract Specialist, by 5:00PM Eastern Standard time on March 1, 2013 to the following email address: Justin.C.DeWitt@irs.gov. Responses shall be limited to no more than 10 pages, standard margins, and 12pt. font. THE SUBMISSION OF THIS INFORMATION IS INTENDED FOR PLANNING PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS A COMMITMENT BY THE GOVERNMENT TO PROCURE ANY SERVICES, NOR DOES THE IRS INTEND TO AWARD A CONTRACT ON THE BASIS OF THIS SOURCES SOUGHT NOTICE OR OTHERWISE PAY FOR THE INFORMATION SOLICITED.
- Web Link
-
FBO.gov Permalink
(https://www.fbo.gov/spg/TREAS/IRS/NOPAP/13PR-TDP-0211/listing.html)
- Place of Performance
- Address: Off-Site at the Contractor's Facility and travel as directed by the Government, United States
- Record
- SN02995973-W 20130228/130226234219-d231a96881c217290159a1c8b42318e2 (fbodaily.com)
- Source
-
FedBizOpps Link to This Notice
(may not be valid after Archive Date)
| FSG Index | This Issue's Index | Today's FBO Daily Index Page |