SF 1009 - NGR Database (Redacted-Sanitized).pdf

DEPARTMENT OF THE TREASURY

SF 1009 - FAR 13.106-1(b) SOLE SOURCE JUSTIFICATION FOR

ACQUISITIONS AT OR BELOW THE SIMPLIFIED ACQUISITION THRESHOLD

Treasury Standard Form – 1009 (Rev 10/18)

Prescribed by Treasury: DTAP 1013.106(b)

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

The Office of Financial Research (OFR) is the requiring activity on behalf of the Financial Stability Oversight Council (FSOC); The Bureau of Fiscal Service (BFS) is the contracting activity.

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

The purpose of this sole source justification is to obtain approval to award a firm fixed-price contract with Next Generation Research, Inc for the purchase of the brand name items described in section 3.a below. The need date for these items is Aug 10th, 2020. The period of performance will be for twelve

(12) months from contract award.

2.b Name and business size of the vendor. Next Generation Research, Inc. (Small - 621604412)

2.c Requisition No.: TBD

3. IGCE/Estimated dollar value.

The IGCE is $50,000.00 for five (5) users to access BankruptcyData with weekly updates for a period 12 months. The total contract value (TCV) is $50,000.00

4.a Identification of the circumstances that preclude competition (Check the appropriate box that applies).

Urgency Exclusive licensing agreements Brand-name Industrial mobilization.

Other

4.b Supporting information and facts:

The proposed contractor developed and owns the propriety and patented software, algorithms, and work efforts that are used in these products and support the services specifically required for this acquisition; thereby the proposed source has the sole unique technical and other resources required for this acquisition.

As a joint effort with the White House Council of Economic Advisors the OFR to is required to research the rising number of corporate defaults and bankruptcies in the wake of the COVID-19 pandemic event.

The OFR requires current and historical bankruptcy data sourced from at least 90 U.S. bankruptcy courts beginning at least from the year 2000. Data must report, on a continual weekly basis, public companies currently operating under Chapter 11 protection and all companies with at least $50 million in assets or liabilities. Information on reported companies must at a minimum include: plans of reorganization and disclosure statements, debtor-in-possession financing information, professional retention data, 363 sales motions, key employee incentive plans, monthly operating reports, claim transfer activity, securities and security pricing data, and committee information.

The processes are proprietary and unique to BankruptcyData. The company built an algorithm that specifically goes to the court and pulls business filing petitions and case information daily (up to 8 times per day). From there the data is cleaned, scrubbed and manually appended with industry specific Data Points and financial data (current assets and liability figures for companies that release this data in court documents or SEC documents) and financial ranges from the petition. Pacer is an electronic court system that provides bankruptcy as one section of its service. The service has no connection to Pacer other than working with bankruptcy data. The company purchases a selection of documents and bankruptcy court streams for the end user and presents them via BankruptcyData. Distress data collection is also proprietary to NGR/BankruptcyData.

Data can be delivered via API, Data Feed, and can be delivered into an AWS bucket for retrieval vial FTP. User may receive the data update either Daily, Weekly or Monthly.

All historical Data can be stored to users’ database/servers. The Data goes back to the early 1980's but prior to 2000 these data were only collected by hand. Therefore these pre 2000 data are not a complete set of all bankruptcies but rather a best attempt at getting the Largest bankruptcies filed in those years.

Beginning in 2000, the courts went to electronic filing and the Data is very near complete.

Treasury Standard Form – 1009 (Rev 10/18) Prescribed by Treasury: DTAP 1013.106(b)

BankruptcyData, is the industry's most extensive database of business bankruptcy information. Their proprietary method of data collection, the analysis of in-house editorial and research teams, and their technology platform, targets clarifying the data.

BankruptcyData Streams dockets from the U.S. Bankruptcy Court for all business bankruptcy filings.

Assists subscribers in monitoring bankruptcy cases by writing about significant and actionable events for “priority” cases. (Companies with public equity or debt, with particularly high profiles, or with liabilities in excess of 50MM USD.)

Provides a research platform where subscribers can query and export data from our robust database of business bankruptcy filing information.

ees.

Serves as the “hub” of business bankruptcy information that bankruptcy professionals

Proprietary Search:

Parametric Keyword Search functionality across all machine-readable proprietary news, Court/SEC documents and Court docket stream.

“Document Snip Search” technology- Keyword based document search that places user in the specific location of text in the document. Documents include Bankruptcy Court Documents, SEC Documents and Company Press Releases.

Query Functionality- Exporting results into excel format, save the query for later use, across databased items hand collected from the bankruptcy courts. Set a date range and/or use a handful of our initial screen tools to run a set of results. Once results are run dive deeper by adding additional datapoints associated with each filing and export to excel.

Creditors Query- Historical database of over 70,000 creditors including the claim type and amount owed.

Documents Query- Historical document archive dating back to the 80s. Court and SEC document specific searches- break out Plans, Disclosure Statements, Proprietary Plan Summaries (Quick snapshot of confirmed plan, recovery rates and history), DIP financing, KEIP/KERP, Retentions, Declarations, 363 Sales, Petitions, Claims Registers, 10k, 8k, Exit Financing and more. Export your documents into excel with a link that opens your document.

Largest Bankruptcies Query- Quick query of the largest bankruptcy filings of all time (1980-present) or break out by year and export.

Claims Transfers Query- Screen the latest claims trading action, real time and historically. Data includes the docket entry text, the value of the claim (pre-bankruptcy document claim, not transfer price), transfer to/from and case associated.

Reports Query- Run monthly, quarterly, annual reports and export data with charts for presentations. A high-level look at the bankruptcy landscape that is less granular than the company specific data.

Run data by: Court, State, Assets, Liabilities, Industry, Employee Size, Revenues.

Next Generation Research, Inc is the only known source to provide this data.

5. Any other important information.

The urgent and compelling need for this justification for other than full and open competition arises from a discussion between OFR and the Council of Economic Advisors (CEA) of the White House revolving around the assessment of corporate credit markets and potential implications for new policies to address the rising corporate defaults and bankruptcies in the wake of the COVID-19 pandemic. New Generation Research is the leading provider of bankruptcy data and related analytics and is related to other work on corporate credit OFR does, and it is also in the interest of OFR’s work with the CEA. Given the effect of the pandemic on this data and the need to research this data in the wake of the pandemic, the OFR has requested this acquisition be fast-tracked for this urgent and compelling need.