Costar JA-2024-01-1046 Redacted.pdf

availability on a national and regional level. Costar offers annual software licenses for access to their database, which is the only comprehensive, verified database of commercial real estate information on different U.S. Markets that satisfies all of these requirements.

4. Identification of Statutory Authority Permitting Other Than Full and Open Competition.

The statutory authority permitting other than full and open competition is 41 U.S.C.3304(a)(1) implemented by the FAR Subpart 6.302-

5. Identification of Exception to the Buy American Statute Not applicable.

6. Demonstration that the proposed unique qualifications or the nature of the acquisition requires use of the authority cited.

The FSB and DLB offices respond to requests to verify information on commercial real estate available for leasing, identifying potential lessors for solicitation and determining lease rates, which requires commercial real estate economic data and space availability on both a national and regional level. In order to provide adequate information, these offices require access to a database that can search available properties within a specific delineated area anywhere throughout the United States. The database also must be able to for specific square footage requirements, rates, and locations, be updated regularly to ensure information is current, and be accessible continuously. While other products exist that meet some of these requirements, only Costar can provide all of this information which is necessary for the FSB and DLB offices to perform their duties.

7. Description of Efforts Made to Ensure that Offers are Solicited from as Many Potential Sources as is Practicable.

This requirement was previously solicited based on full and open competition, but only Costar submitted a response, and previous Requests for Information (RFIs) did not receive any responses. The Federal Government does not have a significant footprint in this area, and the only other agency known to perform significant work in real estate is GSA. The COR searched for competing products and reached directly out to commercial vendors and GSA to see if there were other products that could meet

No commercial vendors were able to provide an alternative software product, and GSA was As none of these efforts produced a viable alternative solution and there are no resellers of Costar the software licenses must be procured directly from Costar.

8. Determination by the Contracting Officer that the Anticipated Cost to the Government will be Fair and Reasonable.

The contracting officer has a reasonable expectation that fair and reasonable pricing can be obtained, using historical data from the current contract and commercial prices advertised online.

9. Description of Market Research.

Market research was initially conducted through an internet search for any sources providing commercial real estate data that might meet the requirements FSB and DLB need for analysis and procurement of commercial real estate. The COR reached out to Costar, other competing product owners, and GSA for information regarding other software solutions. While other products were rements, none were able to meet all.

10. Any Other Facts Supporting the Use of Other Than Full and Open Competition.

The only product previously identified that met TSA requirements was Loopnet, which was acquired by Costar in 2012. Due to the lack of Government involvement in this field, there is not significant commercial investment in the Federal marketplace.