Resolution Trust Corporation: Further Actions Needed to Implement Contracting Management Initiatives
GGD-92-47
Published: Mar 05, 1992. Publicly Released: Mar 05, 1992.
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Highlights
Pursuant to a legislative requirement, GAO reviewed the: (1) status of Resolution Trust Corporation (RTC) efforts to incorporate contracting system reforms; and (2) changes affecting the contractor selection process and the evaluation of proposals submitted by contractors competing for standard asset management and disposition agreement (SAMDA) contracts.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| Resolution Trust Corporation | The President and Chief Executive Officer, RTC, should develop desk guides to help field staff implement contracting policies and procedures properly and consistently. |
Closed – Implemented
On April 16, 1993, RTC issued a series of desk guides including the following guides: Contracting for Program Offices, Simplified Contracting Desk Guide, Debriefing Desk Guide, Proposal Evaluation for Technical Evaluation Plan Members and Contracting Officers, and Final Selection and Award for Formal Contracting. On June 30, 1993, RTC issued the final guide in the series, Contractor Financial Capability Review Desk Guide.
|
| Resolution Trust Corporation | The President and Chief Executive Officer, RTC, should develop uniform source selection plans criteria and standards for documenting selection decisions. |
Closed – Implemented
Exhibit W to the RTC Contract Policies and Procedures Manual revision issued in May 1992 provides the evaluation standards.
|
| Resolution Trust Corporation | The President and Chief Executive Officer, RTC, should issue interim guidelines for performing all financial capability evaluations as soon as possible and place a high priority on developing uniform, permanent procedures. |
Closed – Implemented
On June 30, 1993, permanent procedures were put into place with the issuance of the Contractor Financial Capability Review Desk Guide.
|
| Resolution Trust Corporation | The President and Chief Executive Officer, RTC, should accelerate the development and implementation of contracting training programs. |
Closed – Implemented
Since RTC's contracting system was revised in May 1992, it has trained over 1,000 employees on this system.
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Topics
Bank failuresContractor personnelEducationEvaluation criteriaFederal corporationsProperty disposalSavings and loan associationsService contractsSource selectionBid proposals