Puerto Rico fiscal board changes date related to claims management, reconciliation RFP
SAN JUAN – The Financial Oversight and Management Board for Puerto Rico issued a request for proposals (RFP) on April 13 from parties interested in providing it and the Fiscal Agency and Financial Advisory Authority (Aafaf) with claims management and
reconciliation services for entities in Title III proceedings under the Promesa law.
On Wednesday, the fiscal board announced that it has postponed for a week its selection of the contractor, to May 18.
The deadline for the responses was April 20, and applicants had to provide software demonstrations to the board, Aafaf and government agencies on May 3.
The scope of work involves “supporting the establishment of a claims resolution procedure for all Title III entities in the claims resolution process and will include an initial review and classification of existing claims as well as the development of reconciliation guidelines and a reporting and distribution process,” according to a board release.
Candidates, it said, were being evaluated and selected based on “professional qualifications, relevant past experience and the competitiveness of their financial proposal.”