[Federal Register Volume 59, Number 14 (Friday, January 21, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1417]
[[Page Unknown]]
[Federal Register: January 21, 1994]
=======================================================================
-----------------------------------------------------------------------
RESOLUTION TRUST CORPORATION
Warranted Contracting Officer Program
agency: Resolution Trust Corporation.
action: Notice of availability.
-----------------------------------------------------------------------
summary; The public is hereby notified that the Resolution Trust
Corporation (RTC) maintains a program under which only RTC employees
designated by the RTC as ``warranted contracting officers,'' or
managing agents of savings associations under the conservatorship of
the RTC, may execute contracts on behalf of the RTC. A Statement of
Qualifications to be, and Authority of, an RTC Warranted Contracting
Officer (Statement), is available for distribution to the public.
addresses: The Statement may be obtained from the RTC Public Reading
Room, 801 17th Street, NW., Washington, DC, phone number (202) 416-
6940, fax (202) 416-2076 (these are not toll-free numbers), and from
the RTC Public Service Centers: Atlanta PSC, Marquis One Tower, suite
1100, 245 Peachtree Center Avenue, NE., Atlanta, GA, phone number (404)
225-5069 or (800) 628-4362, fax (404) 225-5081; Dallas PSC, Reverchon
Plaza, suite 130, 500 Maple Avenue, Dallas, TX 75219, phone number
(214) 443-4860 or (800) 782-4674, fax (214) 443-4875; Denver PSC, 1111
15th Street, suite 101, Denver, CO 80202, phone number (303) 556-6400
or (800) 542-6135, fax (303) 556-6430; Kansas City PSC, 4900 Main
Street, suite 200, Kansas City, KS 64112, phone number (816) 968-7184
or (800) 365-3342, fax (816) 531-7251; Newport Beach PSC, 4000
MacArthur Blvd., suite 4100, West Tower, Newport Beach, CA 92660, phone
number (714) 263-4953 or (800) 283-9288, fax (714) 852-7674; and Valley
Forge PSC, 1000 Adams Avenue, Norristown, PA 19403, phone number (215)
650-8500 or (800) 782-6326, fax (215) 650-6168.
effective date: The statutory requirements described in this notice
become effective on February 1, 1994.
for further information contact: Carl Gold, Counsel, RTC Division of
Legal Services, (202) 736-0728. This is not a toll-free number.
supplementary information: The Resolution Trust Corporation Completion
Act (RTCCA), Public Law No. 93-204, was enacted on December 17, 1993.
Section 30 of the RTCCA added a new subsection (y) to section 21A of
the Federal Home Loan Bank Act, 12 U.S.C. 1441a. Section 30 of the
RTTCA provides that a person may execute or modify a contract for goods
or services on behalf of the RTC only if the person is a warranted
contracting officer appointed by the RTC or a managing agent of a
savings association under the conservatorship of the RTC. Section 30
further provides that each such person must provide appropriate
certification to parties contracting with the RTC, and that each
contract must contain certain notices to the other contracting party
regarding the requirements for appointment as a warranted contracting
officer and the nature and extent of the warranted contracting
officer's or managing agent's authority. Finally, section 30 provides
that any contract that fails to meet these requirements shall be null
and void and shall not be enforced against the RTC or its agents by any
court.
The requirements to be a warranted contracting officer, and the
nature and extent of the contracting authority exercised by any
warranted contracting officer or managing agent, are set forth in the
publicly available Statement. These may be adjusted from time to time,
as published in the RTC's Contract Policies and Procedures Manual, the
relevant portions of which will be contained in the Statement, which
shall also be amended as the parameters are amended.
There are three levels of warranted contracting officer, with Level
III being the highest. In brief summary, the requirements to be
appointed as, and to remain, a warranted contracting officer are a
combination of experience, training, and general and specific
education. The higher the level, the more stringent the requirements,
and concomitantly, the greater authority exercised.
The amounts of authority granted to each level of warranted
contracting officer are as follows:
Level I: On a per contracting action basis, to:
a. Execute contracts with total estimated fees up to $10,000;
b. Execute task orders with total fees up to $25,000 under
preestablished task order agreements;
c. Execute delivery orders under GSA Federal Supply Schedules or
other government agency's contracts;
d. Execute contract administrative changes within the scope of a
contract which do not affect delivery, cost, or schedule; and
e. Approve invoices up to $75,000 or the contract value, whichever
is less.
Level II: On a per contracting action basis, to:
a. Execute contracts with total estimated fees (including options)
up to $500,000;
b. Execute individual task orders with total estimated fees up to
$500,000 under pre-established task order agreements;
c. Execute administrative changes to contracts, task order
agreements, task orders, and contract modifications including changes
in delivery, cost, and schedule, where the fees for the change or
modification result in the modified contract not exceeding $500,000;
d. Execute contract terminations with total fees up to $500,000;
e. Execute contract claim settlements with total fees up to
$10,000; and
f. Approve invoices up to the limit of their execution authority,
or the contract value, whichever is less.
Level III: Senior RTC officials have Level III warrants, with
differing authority. These are:
The Director, Office for Contract Policy and Major Dispute
Resolutions, and the Director, Office of Contract Operations in
Washington, DC, both have unlimited authority on a per contracting
action basis to:
a. Execute contracts including task order agreements;
b. Execute task orders;
c. Execute administrative changes to contracts, task order
agreements, task orders, and contract modifications thereof;
d. Execute contract terminations;
e. Execute contract claim settlements; and
f. Approve invoices.
Level III Contracting Officers in the Office of Contract Operations
in Washington, DC and Field Offices, have authority to:
a. Execute contracts and task order agreements with total estimated
fees (including options) up to $10 million per year for SAMDA asset
management, loan servicing, and indemnification of loan servicing;
execute all other contracts and task order agreements with total
estimated fees (including option) up to $5 million;
b. Execute administrative changes to contracts, task order
agreements, and task orders and contract modifications that change the
delivery, cost or schedule, where the fees for the change or
modifications result in the modified contract not exceeding $5 million
($10 million for SAMDA, asset management, loan servicing, and
indemnification of loan servicing);
c. Execute contract terminations with fees defined in (a);
d. Execute contract claim settlements with fees up to $1 million;
and
e. Approve invoices up to the limit of their execution authority or
the contract value, whichever is less.
Managing Agents: Managing Agents have authority to execute
contracts with estimated fees up to $100,000.
Warranted contracting officers and managing agents are given a
certificate of appointment, showing the level of the warrant. The
certificate shall be signed by RTC's Director, Office of Contract
Policy and Major Dispute Resolutions. This certificate, or a copy, must
be presented prior to executing a contract or taking one of the other
actions listed above.
The public should be aware that this notice, and the referenced
Statement, apply only to RTC contracts for the provision of non-legal
services. The RTC will issue shortly a separate notice, summarizing the
parameters of the correlative Legal Warrant Officer program for
contracts for legal services, and will make publicly available a
corresponding statement of the parameters of that program.
Resolution Trust Corporation.
John M. Buckley, Jr.,
Secretary.
[FR Doc. 94-1417 Filed 1-19-94; 4:15 pm]
BILLING CODE 6714-01-M