Justification and Approval (50310221P0023)_Redacted.pdf
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- Attached to
- Notification of the SEC’s intent to award a sole source purchase order for Legal News subscription
- Solicitation number
- 50310221Q0045
- Issued by
-
Securities and Exchange Commission
About this file
This document is a justification and approval for a sole source contract award by the Securities and Exchange Commission. The SEC required a subscription to Portfolio Media Inc.'s proprietary legal news content and delivery method. A sources sought notice did not return any other capable providers. The contracting officer determined the anticipated price from Portfolio Media Inc. to be fair and reasonable based on market research and past pricing. On June 23, 2021 the SEC awarded an undisclosed contract value to an unknown vendor for this subscription.
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Text version
6. A description of efforts made to ensure that offers are solicited from as many potential sources as is practicable, including whether a notice was or will be publicized as required by Subpart 5.2 and, if not, which exception under 5.202 applies.
The SEC posted Sources Sought Notice # 50310221Q0033 on betasa.gov to assist with market research efforts. The SEC reviewed responses received and determined Portfolio Media Inc. is the only source that has been identified capable of delivering the proprietary content and in the delivery method required by the SEC.
The SEC Office of Acquisitions (OA) will post a Synopsis on betasam.gov in accordance with FAR 5.201 that will provide notification of the SEC’s intent to award a sole source procurement to Portfolio Media Inc.
7. A determination by the contracting officer that the anticipated cost to the Government will be fair and reasonable.
The Contracting Officer has determined that the anticipated price will be fair and reasonable based on review of market research price estimates, and review of prior contract pricing.
8. A description of the market research conducted (see part 10) and the results or a statement of the reason market research was not conducted.
The SEC issued a Sources Sought Notice and conducted internet searches. Portfolio Media Inc. is the only source that has been identified capable of delivering the proprietary content and in the delivery method required by the SEC.
9. Any other facts supporting the use of other than full and open competition:
None.
10. A listing of the sources, if any that expressed, in writing an interest in the acquisition:
A listing of any sources that express interest in this acquisition will be maintained in the contract file.
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 supplies or services required:
The SEC will perform market research for future acquisitions for the purpose of verifying the sole source nature of this requirement.
File details come from the government source that posted it. Updated .