NOTICE OF INTENT TO SOLE SOURCE

Statement of Work (SOW) / Performance Work Statement (PWS)

To provide Securitized Transactions Financial Advisor (STFA) supportive services to the Government National Mortgage Association (GNMA) to support GNMA's multi-class financial products, Mortgage-Backed Securities (MBS), mortgage derivatives, and mortgage-related securities.

• Provide Project Management.

• Provide services related to Real Estate Mortgage Investment Conduit (REMIC), Callable Trust, and Stripped Mortgage-Backed Securities (SMBS) Transactions.

• Provide Financial Advisory Services.

• The contractor will provide all necessary personnel, equipment, supplies, facilities, transportation, tools, materials, and supervision, except for items specified as Government-Furnished.

• Period of Performance: One (1) year base period and four (4) 12-month option periods, with a 180-day transitional period. An additional option for up to six months may be exercised.

• Place of Performance: Contractor's facilities.

• The PWS outlines specific performance standards and acceptable quality levels (AQLs) for various tasks, including meetings, reporting, analysis, and documentation.

• A Quality Assurance Surveillance Plan (QASP) will be developed by HUD for contract oversight.

• The contractor must adhere to all applicable rules, regulations, laws, and standards, including NDIA ANSI/EIA-748 for Earned Value Management Systems (EVMS) and the Project Management Body of Knowledge (PMBOK).

• Non-personal services are required; the government will not supervise contractor employees or control their work methods.

• The contractor must provide a Project Manager and an alternate as Key Personnel.

• Identification badges are required for contractor personnel.

• A Transition Out Plan must be submitted 270 days prior to contract expiration and implemented 6 months prior to expiration.

Notice of Intent to Sole Source

This document is a Notice of Intent to Sole Source, not a solicitation. The U.S. Department of Housing and Urban Development (HUD), Office of the Chief Procurement Officer (OCPO), intends to negotiate and award a hybrid (Firm-Fixed-Price and Time and Materials) sole-source contract to PricewaterhouseCoopers, LLP (PwC) for Securitized Transactions Financial Advisor (STFA) Supportive Services. This acquisition is being conducted under FAR Part 15 and Part 12, supplemented by HUDAR.

The requirement is to continue supporting Ginnie Mae's Multiclass financial products, Mortgage-Backed Securities (MBS), mortgage derivatives, and mortgage-related securities. The current contract with PwC was awarded on May 20, 2024, for a 12-month base period with a six-month option exercised on November 20, 2025, expiring May 19, 2026. PwC will serve as a transaction advisor for these products.

This requirement is deemed suitable for a sole-source award due to the unique and specialized nature of the services, which are essential for Ginnie Mae's Multiclass financial products. The STFA services require a unique skillset to provide insight into complex securitized mortgage, mortgage derivative, and mortgage-related products. These services are identified as a National Essential Function. Any interruption would halt the issuance of Multiclass Securities, potentially impacting the MBS and Multiclass markets.

Market research identified three firms with relevant experience. However, two firms have a potential conflict of interest due to their active role as accountants for Multiclass Program Sponsors, which prevents them from performing STFA services for Ginnie Mae under AICPA professional independence rules. This leaves PwC, the incumbent, as the only viable source.

This is NOT a request for proposals or quotes. However, any responses received within 3 days of publication must clearly and thoroughly defend claims or assertions that attempt to refute the Government's stance. Responses must specifically address how offerors can provide services without jeopardizing the Government's mission, how their approach overcomes the barrier to competition, and how it is more advantageous than the sole source approach. A brochure or capabilities statement is insufficient. If no affirmative responses are received within 3 days, a contract will be issued to PwC.

Questions regarding this notice must be submitted in writing via email to Melissa.A.Corum@hud.gov and Cheri.L.Redding@hud.gov.