Resolution Trust Corporation:

Progress Under Way in Minority- And Women-Owned Business Outreach Program

GGD-91-138: Published: Sep 27, 1991. Publicly Released: Sep 27, 1991.

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Pursuant to a congressional request, GAO reviewed the Resolution Trust Corporation's (RTC) policies and processes to include minority- and women-owned businesses (MWOB) to the maximum extent possible in contracting opportunities, focusing on the: (1) assignment of resources to the MWOB program; and (2) implementation of MWOB program contracting procedures in the field, including certification of MWOB firms and award of technical bonus points and the cost advantage.

GAO found that: (1) RTC got off to a slow start in implementing a MWOB program for asset management contracting; (2) the lack of comprehensive headquarters program guidance and inadequate staff at RTC headquarters resulted in an inconsistent integration of MWOB program requirements into the contracting process and inhibited RTC ability to provide comprehensive MWOB program implementation oversight; (3) lack of comprehensive guidance has allowed field staff discretion to interpret and apply the interim guidance; (4) RTC lacks assurance that self-certified MWOB are actually MWOB and that MWOB always receive the competitive advantage intended by the program; (5) in four of the six offices visited, the minority contract specialists rarely verified the information supplied by firms to support their self-certification as MWOB; (6) RTC field offices did not apply technical bonus points in a consistent manner, thereby precluding some MWOB from final consideration for contracts; and (7) the 3 percent cost advantage often was not applied because MWOB cost proposals were generally not within 3 percent of the cost proposal submitted by the low bidder as required, resulting in the use of only $256,315 of the $4 million available for cost advantages.

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