240014FactSet_TSF1013_JA FAR Subpart13.5 Sole Source_redacted.pdf

DEPARTMENT OF THE TREASURY

SF 1013 - JUSTIFICATION & APPROVAL FOR FAR SUBPART 13.5 SOLE SOURCE

(INCLUDING BRAND NAME) ACQUISITIONS

Treasury Standard Form – 1013 (Rev 5/18)

Prescribed by Treasury: DTAP 1013.501 Tracking No.

1. Identification of the requiring activity and the contracting activity:

The requiring activity is the Office of the Comptroller of the Currency’s (OCC) Information Technology Services (ITS) office, and the contracting activity is OCC’s Acquisition Management office 2.a Nature and/or description of the action being approved:

The purpose of this sole source justification is to obtain approval to award a fixed price contract with FactSet Research Systems, Inc. for the purchase of software and data described in section 3.a below. The need date for these items is October 1, 2023. The period of performance will be for a base year and four one-year options.

2.b Name of the vendor. FactSet Research Systems, Inc.

2.c Requisition No.: 240014 2.d Bridge contract: Yes No 2.e Brand name: Yes No 3.a A description of the supplies or services required to meet the agency’s needs:

Maintenance for seven (7) FactSet Financial Database user licenses. This software provides an efficient source of the following types of financial information and software bundled to manipulate the data:

option-adjusted bond yield spreads for bonds issued by banks and corporate stock prices and betas for banks and corporates balance sheet, income statement, cash flow statement data for banks and corporations dating back several business cycles ability to set up downloads of time-series data for routine updating ability to screen and aggregate individual company data to create industry-level financial data, such as capital expenditures in an entire industry 3.b Includes IT: Yes No NAICS 513210; PCS: DA10 3.c IGCE/Estimated dollar value:

The IGCE is inclusive of base year and four 12-month option periods. Refer to the IGCE for additional details.

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

41 U.S.C. 1901 – Simplified acquisition procedures.

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:

FactSet offers the financial data as well as software used to manipulate and aggregate the data.

FactSet offers bond yield spreads and stock price and software in a unique combination, allowing aggregation of the bond data and the ability to download routine updating queries.

FactSet software allows us to manipulate and aggregate data from other sources (such as balance sheet/income statement data) and the front-end software can be paired with other databases.

FactSet is the only service that allows aggregation of individual company data to industry level data.

FactSet houses at least years of data, which is twice as long as other financial data companies.

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:

Treasury Standard Form – 1013 (Rev 5/18)

Prescribed by Treasury: DTAP 1013.501 Tracking No.

In accordance with FAR subpart 5.2, a notice of intent to award a sole source contract under the authority of FAR subpart 13.5 was posted on the Government Point of Entry on August 16, 2023. This notice affords an opportunity for all responsible sources to submit a capability statement by August 31, 2023, which shall be considered by the Government.

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

The Contracting Officer determines that the anticipated price(s) will be fair and reasonable based on prior acquisition history.

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:

Market research was conducted by the Contracting Officer and Program Office between April 15, 2023, and June 29, 2023. The results of the market research supported the Government’s determination to obtain these services under a sole source basis.

An internet search on FactSet found the following page listing competitors in selling financial data: https://www.veraset.com/blog/financial-data-providers/ A description of the top competitors shows that FactSet is the only company selling the types of financial data the OCC relies on with the software to analyze and interface the data with other OCC systems (unique requirements in Section 3a).

Refer to the SF 1010 Market Research Summary Report for additional details.

9.a Any other facts supporting this justification:

Procurement history 2031JW18C00005 was awarded as a one-year contract plus four one-year options on a sole source basis.

Purchase Order (PO) 2031JW19P00003 was awarded as a FFP base plus four option year order on an open market sole source basis under FAR 13.5.

9.b Attachments: Yes No

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

A synopsis of proposed contract action was posted on the GPE on 08/16/2023 requesting that parties express their interest in writing to the Contracting Officer. No sources expressed interest.

11. A statement of the actions, if any, the Requiring Activity or Contracting Activity may take to remove or overcome any barriers to competition before any subsequent acquisition for the supplies or services required:

The requiring activity will continue to survey the marketplace and perform market research to remove or overcome any barriers that led to the exception to fair opportunity before any subsequent acquisition for the supplies and services is made.

12. 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 this justification, are accurate and complete to the best of my knowledge and belief.

Name: Date:

Signature:

12.b Contracting Officer certification and approval. I hereby determine the circumstances of this acquisition support the justification to acquire the item(s) on a sole source (including brand name) basis under the authority of FAR subpart 13.5. I also certify this justification is accurate and complete to the best of my knowledge and belief. Therefore, unless additional

Treasury Standard Form – 1013 (Rev 5/18)

Prescribed by Treasury: DTAP 1013.501 Tracking No.

approvals are required as prescribed below, as the authorized contracting officer for this acquisition, I hereby approve this justification.

Name: Date:

Signature:

13. Additional Reviews and Approvals (As applicable):

13.a Bureau Chief Information Officer or Authorized Designee (for IT requirements that are over $5 million, but not exceeding $68 million) (Contracting Activity). I have reviewed this justification and find it to be accurate and complete to the best of my knowledge and belief, and representative of the Government’s need. Therefore, I hereby consent to the approval of this justification. (Note: The Bureau CIO may delegate their authority for proposed contracts over $5 million, but not exceeding $13.5 million to the Associate Bureau CIO(s).)

Name: N/A Date:

Signature:

13.b Advocate for Competition (if over $700,000, but not exceeding $13.5 million) (Contracting Activity). I have reviewed this justification and find 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.

Name: Date:

Signature

13.c Head of the Procuring Activity or Authorized Designee (if over $13.5 million, but not exceeding $68 million) (Contracting Activity). I have reviewed this justification and find 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 head of the procuring activity or authorized designee, I hereby approve this justification.

Name: Date:

Signature:

13.d Treasury Chief Information Officer (for IT requirements that are over $68 million).

I have reviewed this justification and find it to be accurate and complete to the best of my knowledge and belief, and representative of the Government’s need. Therefore, I hereby consent to the approval of this justification.

Name: Date:

Signature:

13.e Senior Procurement Executive (if over $68 million) (Contracting Activity). I have reviewed this justification and find it to be accurate and complete to the best of my knowledge and belief. Therefore, as the senior procurement official, I hereby approve this justification.

Name: Date:

Signature: