RFI for FDIC's Budget Formulation Tool
Overview
Buyer
Place of Performance
NAICS
PSC
Set Aside
Original Source
Timeline
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 Federal Deposit Insurance Corporation (FDIC) has issued a Request for Information (RFI), CORHQ-26-Q-0073, to conduct market research for a Budget Formulation Tool. The FDIC seeks information on FedRAMP certified software applications to support its budget formulation activities. This RFI aims to identify potential tools, gather details on their functionalities, and understand associated pricing structures. The place of performance is Arlington, VA.
Purpose & Scope
This RFI is for market research purposes only, seeking to identify commercially available, FedRAMP certified software solutions for budget formulation. The tool must provide a secure platform for budgetary and staffing data, adhering to federal laws and mandates. The FDIC is interested in solutions that can support multiple environments, offer robust data transfer capabilities, and cater to at least 60 users with role-based access and audit logging.
Key Requirements
The desired Budget Formulation Tool must:
- Be FedRAMP certified at "Low" or higher authorization and currently used by other federal agencies.
- Be a web-based application supporting at least 60 user accounts with role-based access control and an audit log; Single-Sign-On (SSO) is desirable.
- Allow data exchange (e.g., CSV import/export); API compatibility is desirable.
- Retain up to ten years of financial transaction and personnel data, summarized by at least 25 unique data elements.
- Include a User Interface for budget and staffing adjustments, and allow administrators to enter calculation logic for forecasting.
- Be configurable for calculations and reporting with static and dynamic variables, and enable saving and comparing multiple budget scenarios.
- Create standardized reports in PDF and MS Excel formats, and include an Ad hoc analysis tool.
Submission Details
- Questions Due: February 27, 2026, by 12 Noon ET.
- Responses Due: March 16, 2026, by 10:00 AM ET.
- Submission Method: All questions and responses must be emailed to Ellisha Smith (ellismith@fdic.gov).
- Response Format: Submissions must include a written response (maximum 5 pages, 8.5x11 inches, PDF or Word, max 5MB) and a 60-minute virtual system demonstration.
- Written Response Content: Should cover company information, FedRAMP ID, list of federal clients, description of how the tool meets requirements, unique advantages, implementation details, and pricing model.
Contract & Set-Aside
- Opportunity Type: Request for Information (RFI) / Sources Sought
- Product Service Code (PSC): 7A21 - Business Application Off The Shelf Software...
- Set-Aside: None specified.
- Issuing Agency: Federal Deposit Insurance Corporation (FDIC)
- Place of Performance: Arlington, VA.
Contact Information
- Primary Contact: Ellisha Smith (ellismith@FDIC.gov, 571-212-4449).