Bloomberg_-_J_and_A_for_FAR_13.5_Sole_Source_(signed)_Redacted.pdf

JUSTIFICATION & APPROVAL FOR FAR SUBPART 13.5 SOLE SOURCE (INCLUDING

BRAND NAME) ACQUISITIONS

1. Identification of the agency and the contracting activity:

ReQuiring Activity: U.S. Department of the Treasury, Office of the Comptroller of the Currency (0CC), Library Services

Contracting Activity: U.S. Department of the Treasury, CCC, Acquisition Management

2. Nature and/or description of the action being approved:

This is a renewal of existing licenses for Bloomberg Anywhere and Bloomberg Terminals. This will be a firm fixed price award. The proposed contractor is:

Name: Bloomberg Finance L.P. (Bloomberg) Address: 731 Lexington Ave., New York, NY 10022-1331 Socio-Economic Status: Other than Small

Initial Period of Performance: October 1,2018 through September 30, 2019

3.a A description of the supplies or services required to meet the agency’s needs:

The 0CC has a requirement for thirteen (13) Bloomberg Anywhere and eight(S) Bloomberg Terminal licenses. Bloomberg Anywhere allows access to Bloomberg Terminals from any location. Bloomberg Terminals provide users with real-time market intelligence, news, and data. Services include:

• Coverage of markets and securities.

• Tools and charting.

• Trading solutions with pre- and post-trade analytics.

• Up-to-the-minute access to news.

• Research including access to proprietary, analyst-driven research.

This requirement shall include a base period of one-year and four one-year option periods. The base period will commence on October 1, 2018.

3.b Estimated value:

Base Period:

Option Period 1:

Option Period 2:

Option Period 3:

Option Period 4:

TOTAL:

4. Identification of the authority being used (Check the appropriate box that applies):

IX] 41 U.S.C. 1901—Simplified acquisition procedures.

o 41 U.S.C. 1903— Special emergency procurement authority.

5. A demonstration that the proposed contractor’s unique qualifications or the nature of the acquisition requires use of the authority cited:

This is a renewal of existing licenses that are proprietary to Bloomberg. The associated technical support, software upgrades, and licenses are only available through Bloomberg. Bloomberg

Treasury Standard Form —1013 (Rev l2/l5)

Presrrihc’d hv Trtasiirv DTA P 1013 SO I

Anywhere and Bloomberg Terminals are accessible via the internet and provide subscribers with access to all of Bloomberg’s supported and managed solutions. Through their product offering, Bloomberg provides access to proprietary content (i.e. research, data, and calculations). Research is available through Bloomberg Intelligence which delivers an independent perspective (not a buy or sell-side firm) providing in-depth analysis and data sets on industries and companies, government, credit, litigation, and economic factors. Bloomberg’s information on Government entities includes the entire FDIC universe of banks. CCC users are able to interact directly with Bloomberg through their chat functionality. Bloomberg’s proprietary credit default risk model provides information on a company’s default risk and default probability based on the model inputs. The OCC’s user can compare the company’s fundamentals with the industry averages and graph the company’s default risk distribution in the industry. Bloomberg’s bank default risk model provides information on bank failures and bank assistance. Bloomberg aggregates data from numerous third-party sources including government agencies, broker/analyst firms, and ratings agencies. Bloomberg’s strength lies in data from the fixed income marketplace which is important to analysis performed by the OCC’s bank examiners and economists. From a compliance standpoint, all messages and queries are stored and available for future retrieval.

This requirement is proprietary to Bloomberg and provided by Bloomberg only. There are no resellers.

6. A description of efforts to ensure that offers were solicited from as many potential sources as is practicable, including whether a notice was or will be publicized as required by FAR subpart 5.2 and, if not, which exception under FAR 5.202 applies:

The Contract Specialist posted a Notice of Intent to Sole Source on FBO.gov on April 6, 2018.

Interested sources were afforded with the opportunity to submit information with pricing and sufficient technical documentation to establish a bona fide capability to meet the requirement.

Thomson Reuters responded with information on Eikon product on April 12, 2018. This information was shared with the Program Office. Upon review of the information, including a discussion with end users, and obtaining additional information from Thomas Reuters on areas identified as key differentials, the determination was made that this requirement will remain a sole source. Key differentials include Bloomberg’s research through Bloomberg Intelligence. Bloomberg performs their own research and through the chat function, users are able to interact with a Bloomberg analyst directly. Research is accessible through Bloomberg Anywhere and Bloomberg Terminals and available in real-time. Queries are stored and available for future retrieval.

7. A determination by the contracting officer that the anticipated cost to the Government will be fair and reasonable:

The Contracting Officer (CC) determines that the anticipated price will be fair and reasonable. The CO has historical pricing information and information is available on what other government agencies and commercial companies are paying.

8. A description of the market research conducted (see FAR part 10) and the results or a statement of the reason market research was not conducted:

In addition to the Notice of Intent to Sole Source posted to FBO.gov, the Program Office conducted market research by performing internet and article searches comparing similar services as well as discussions with colleagues.

9. Any other facts supporting this justification: N/A

Treasury Standard Form —1013 (Rev 12/15)

Prescribed by Treasury: DTAP 1013.501

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10. A listing of sources, if any, that expressed, in writing, an Interest In the acquisition:

Thomson Reuters (Markets) LLC, 3 Times Square, New York, NY 10036 (www.thomsonreuters.com)

11. A statement of the actions, If any, the agency may take to remove or overcome any barriers to competition before any subsequent acquisition for the supplle5 or services required:

The 0CC cannot remove competitive barriers at this time. The primary barriers are the proprietary nature of the licenses and the ab5ence of alternate sources capable of providing the complexity of the software without having multiple software types and vendors. This contract is being awarded with a base period of one-year pius four (4) one-year option periods. The 0CC continue to access the market to determine further need and the possibility of newly developed competition.

l2.Certifications and Approvals:

12.a Program Office Certification (Requiring Activity). I hereby certify that any supporting information and data provided, which Form the basis for thisJustification, are accurate and complete to the best of my knowledge and belief.

Name; James 1oe ñ Date: { %C( (

Signautre:

fl,b small dujlness Specialist Detenrnatlon (Contracting Activity). I have reviewed this justification, including any attached documentation, If applicable, and concur / 0 do not concur with the findings.

Name: Marcus Benefleid Date: %‘ Y1f

Signautre:

12.c Contracting Officer Certification and Approval. I hereby determine the circumstances of this acquisition support the Justification to acquire these supplies or services on a sole source (including brand name) basis. I also certify this justification Is accurate and complete to the best of my knowledge.and belief. Therefore, unless additional approvals are required as prescribed below, as the authorized contracting officer for this acquisition, I hereby approve the processing of this requirement on a sole source (including brand name) basis under the authority of FAR subpart 13.5.

Name: Karen OttInger Date: 24’ I signautre%2)’W/A UbtuiA_, “-k3.Additional Approvals (if applicable):

13.a Advocate for Competition (if >$700,000 and c=$13.S million) (Contracting Activity). I have reviewed this justification and Dad it to be accurate and complete to the best of my knowledge and belief. Therefore, unless additional approvals are required as prescribed below, as the Advocate for competition, I hereby approve this justification.

NameUovce4ofield Date:______

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Treusury Standard Form —11113 (Rev 12/IS)

Prescribed by Treasury: DTAP 1013.501