The FDIC’s Procurement of Resolution and Receivership Services

Establish a process to periodically review financial advisory and consulting services Receivership Basic Ordering Agreements to ensure sufficient contractor resources are available to meet the FDIC’s mission-critical needs.

Provide training and guidance to its Executive Management and personnel reinforcing their roles and responsibilities in carrying out and overseeing the FDIC’s emergency acquisition procedures. This training and guidance should include, at a minimum, the following:
• understanding roles and responsibilities;
• initiating and performing emergency and expedited procedures; and
• initiating, modifying, approving, and submitting requirements packages.