Education seeks financial management support

The Education Department’s Federal Student Aid (FSA) program is seeking support for its Financial Management System (FMS). The department released a draft proposal May 13 on the Federal Business Opportunities Web site.

FSA needs a vendor to monitor daily FMS activity and perform development, security and daily operations maintenance, the department said in the posting. Comments are due by June 9.

FSA expects to move FMS operations to a new vendor between September and November, the department said.

In addition to integrating FSA's systems and acquiring new applications, Education said it hopes to improve program integrity and access to colleges and universities, enhance customer service, and reduce program administration costs.  The department also wants the system to help make federal student financial assistance programs less susceptible to fraud, waste, abuse and mismanagement.

FMS is the single point of institutional financial information for FSA and integrates data from several sources.

Education anticipates the award of a single indefinite-delivery, indefinite-quantity contract with a one-year base period and nine one-year options. The contract will be a mix of fixed price, time and materials, and performance-based task orders.

About the Author

Mary Mosquera is a reporter for Federal Computer Week.

Featured

  • FCW PERSPECTIVES
    sensor network (agsandrew/Shutterstock.com)

    Are agencies really ready for EIS?

    The telecom contract has the potential to reinvent IT infrastructure, but finding the bandwidth to take full advantage could prove difficult.

  • People
    Dave Powner, GAO

    Dave Powner audits the state of federal IT

    The GAO director of information technology issues is leaving government after 16 years. On his way out the door, Dave Powner details how far govtech has come in the past two decades and flags the most critical issues he sees facing federal IT leaders.

  • FCW Illustration.  Original Images: Shutterstock, Airbnb

    Should federal contracting be more like Airbnb?

    Steve Kelman believes a lighter touch and a bit more trust could transform today's compliance culture.

Stay Connected

FCW Update

Sign up for our newsletter.

I agree to this site's Privacy Policy.