The types of services offered under the FABS schedule are listed below according to their Special Item Number (SIN).

SIN 520-1: Program Financial Advisor

Assist agencies on crosscutting issues, asset marketability, program development, trust or other monetary fund management/benefit administration, equity monitoring, originations, and addresses any other considerations regarding the acquisition, management and/or resolution of an asset.

SIN 520-2: Transaction Specialist

Assist agencies in all asset resolution related areas including; valuation/pricing, portfolio stratification, restructuring and disposition strategies which best meet agency goals. Make specific recommendations as to the best execution. Conduct a sale or other disposition vehicle. Provide marketing expertise, budget and credit reform analyses.   

SIN 520-3: Due Diligence & Support Services

Assist agencies in the confirmation and validation of specific elements of an agency's portfolio of assets.  Collect and organize data from an agency's files or a third party source, create asset inventory database, provide support for asset sales (e.g., asset valuations, investor war room and asset packaging, and closings), develop quality/information controls.

SIN 520-4: Debt Collection

Provide collection services and servicing of defaulted loans, which may include borrower negotiations, restructuring, and workout agreements.

SIN 520-5: Loan Servicing & Asset Management

Assist agencies in servicing, monitoring and maintaining loan assets which may include establishing loan database, remittance processing, verify and update borrower data, issue forms and correspondence, process loan cancellations and consolidations, billing services, credit bureau reporting, and transfer and discharge loans. Provide servicing of troubled loans, which may include borrower negotiations, restructuring, foreclosure and supervision of the sale of the collateral and workout agreements.

SIN 520-6: Professional Legal Services

Assist agencies with the full spectrum of professional legal support required for the resolution, management and/or disposition of assets held by the federal government.

SIN 520-7: Financial & Performance Audits

Perform financial statement audits, financial-related audits and performance audits. An independent assessment of an audited entity’s a) financial statements in conformity with generally accepted accounting principles, b) financial information, adherence to financial compliance requirements and internal controls, or c) organization or program performance to identify areas for improvement.

SIN 520-8: Complementary Audit Services

Other services performed by auditors including assist in developing questions for use at hearings, develop methods and approaches in evaluating a new or proposed program and forecast potential program outcomes. 

SIN 520-9: Recovery Audits

Audits performed to recover funds resulting from overpayments, duplicate payments and underpayments. Performed under the authority of Section 354 of the National Defense Authorization Act for FY 96 (Public Law 104-106; 110 Stat. 268; 10 U.S.C. 2461), and Section 831 of the National Defense Authorization Act for FY 02 (Public Law 107-107).

SIN 520-10: Transportation Audits*

Perform administrative reviews and rate examinations on prepayment and post-payment transportation bills to ensure accuracy, completeness, and compliance with established rates, tariffs, quotations, agreements, tenders or other applicable rate authority.  (*small business set-aside)

SIN 520-11: Accounting

Transaction analysis, transaction processing, data analysis and summarization, technical assistance in devising new or revised accounting policies and procedures, classifying accounting transactions, special studies to improve accounting operations.

SIN 520-12: Budgeting

Assess and improve the budget formulation and execution processes, conduct special reviews to resolve budget formulation or budget execution issues, provide technical assistance to improve budget preparation or execution processes.

SIN 520-13: Complementary Financial Management Services

Assess and improve financial management systems, financial reporting and analysis, strategic financial planning, financial policy formulation and development. Devise and implement performance measures, conduct special cost studies, perform actuarial services, perform economic and regulatory analysis, assist with financial quality assurance efforts, perform benchmarking.

SIN 520-14: Audit & Financial Training Services*

Plan and deliver audit and financial training services including but not limited to course development and instruction required to support audit, review, financial assessment and financial management activities. (*small business set-aside)

SIN 520-15: Outsourcing Recurring Commercial Activities for Financial Management Services

Services that an agency identifies as recurring commercial activities, which may include; billing, payroll processing, application processing, claim processing, grant application management, loan application management, inventory management, and other financial management activities.

SIN 520-16: Business Information Services

Electronic and non-electronic transmission (excluding voice communication) of Consumer Credit Reports, Address Verification Reports, Skip Location Reports, Public Information, Domestic Business Profile, International Business Profile, Mortgage Reports, Supplemental Credit Reference Reports, Bond Rating, Managed Fund Rating, Institutional Ranking, Data Processing (credit/financial) Credit Scoring, Merged Credit Files, Credit Risk Assessment and Miscellaneous Business Information (BIS) Services. May provide computer software intended for BIS use and customization of reports.