NOTICE OF INTENT TO SOLE SOURCE

SOL #: RCS-T-2026-00006Special Notice

Overview

Buyer

Housing And Urban Development

Housing And Urban Development, Department Of

Place of Performance

Place of performance not available

NAICS

Investment Banking and Securities Intermediation (523150)

PSC

Financial Services (Includes Credit Card Services And Any Other Financial Services. See Revision To Description For Code R703 Above) (R710)

Set Aside

No set aside specified

Original Source

https://sam.gov/opp/445fb83328f2464e8d5dcbcf94f2c3c3/view

Timeline

Posted

Feb 26, 2026

Last Updated

Feb 26, 2026

Action Date

Mar 3, 2026, 3:00 PM

Qualification Details

Fit reasons

NAICS alignment with historical contract wins in similar service areas.
Scope strongly matches core technical capabilities and delivery model.

Risks

Past performance thresholds may require one additional teaming partner.
Potential clarification needed on staffing minimums before bid/no-bid.

Next steps

Validate eligibility requirements, assign capture owner, and schedule partner outreach to confirm teaming strategy before submission planning.

Quick Summary

The U.S. Department of Housing and Urban Development (HUD), Office of the Chief Procurement Officer (OCPO), has issued a Notice of Intent to Sole Source for Securitized Transactions Financial Advisor (STFA) Supportive Services. HUD intends to award a hybrid (Firm-Fixed-Price and Time and Materials) sole-source contract to PricewaterhouseCoopers, LLP (PwC). This action is to continue essential support for Ginnie Mae's Multiclass financial products, Mortgage-Backed Securities (MBS), mortgage derivatives, and mortgage-related securities.

Scope of Work

PwC will serve as a transaction advisor for Ginnie Mae's Multiclass financial products, MBS, mortgage derivatives, and mortgage-related securities. These STFA services are critical for providing insight into highly complex securitized mortgage products and are identified as a National Essential Function. Any interruption in these services would halt the issuance of Multiclass Securities, potentially devastating the MBS and Multiclass markets.

Contract & Timeline

Type: Hybrid (Firm-Fixed-Price and Time and Materials) Sole-Source Contract
Intended Awardee: PricewaterhouseCoopers, LLP (PwC)
NAICS Code: 523150 (Investment Banking and Securities Intermediation)
Current Contract: 47QFDA24C0001, awarded May 20, 2024, with a 6-month option exercised on November 20, 2025, expiring May 19, 2026.
Response Due: March 3, 2026, at 3:00 PM ET
Published: February 26, 2026
Set-Aside: None (Sole Source)

Justification for Sole Source

Market research identified three firms with relevant experience. However, two of these firms have a conflict of interest due to their roles as accountants for Multiclass Program Sponsors, which prevents them from working for Ginnie Mae on related securities under AICPA professional independence rules. This leaves PwC, the incumbent, as the only viable source capable of fulfilling this unique and specialized requirement without jeopardizing the Government's mission.

Instructions for Responses

This is NOT a solicitation or request for proposals. However, responses received by the due date will be considered if they clearly and thoroughly refute the Government's sole-source stance. Responses must specifically address:

How the offeror's services can be provided without jeopardizing the Government's mission.
How the approach overcomes the identified barrier to competition.
How the approach is more advantageous to the Government than the sole-source approach. A brochure or capabilities statement is insufficient. If no affirmative responses are received, a contract will be issued to PwC.