Sole Source Award Notice.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 requesting activity and contracting activity.

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

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 the Urban Institute for the purchase of Monthly States Government Tax Revenue Data. The need date for these items is November 18, 2025. The period of performance will be 11/18/2025-11/17/2030 consisting of one (1) base year and four (4) option years.

2.b Name and business size of the vendor. The Urban Institute / OTSB 2.c Requisition No. TBD

3. IGCE/Estimated dollar value.

The IGCE is inclusive of a base year of twelve (12) months and four (4) option periods. Period of Performance (PoP) is 11/18/2025 - 11/17/2030.

Base Year 11/18/2025 - 11/17/2026 Option Year 1 11/18/2026 - 11/17/2027 Option Year 2 11/18/2027 - 11/17/2028 Option Year 3 11/18/2028 - 11/17/2029 Option Year 4 11/18/2029 - 11/17/2030

Total:

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

Urgency Exclusive licensing agreements Brand-name Industrial mobilization.

Other - FAR 6.302-1 Only One Responsible Source 4.b Supporting information and facts (i.e. the details surrounding the requirement that supports the selection made in 4.a).

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 or this acquisition; thereby the proposed source has the sole unique technical and other resources required for this acquisition.

In order that it may monitor increasing strain and financial impact on US debt markets, the OFR requires state tax revenue data covering state and local municipal debt. OFR requires, at minimum, monthly data from all 50 US states covering personal income tax, corporate income tax, sales tax, and total tax with histories extending to at least 2010. Personal income tax further must provide data on withholding, estimated payments, final payments, refunds, and total personal income tax. Data must include commentaries, projections, and status updates.

Presently, data reported by publicly available sources is inadequately delayed alongside a significant effort to correct errors found in the data and only reports quarterly data.

The vendor provided data must measurably exceed quality, quantity, and availability above and beyond data available from public sources demonstrating a propriety effort. Data provided must allow for OFR to publish findings based on aggregated data. The Urban Institute uniquely provides significant error correction, estimating, and up-to-date reporting for state and local tax revenue data, including trends, commentaries, and projections above and beyond

Treasury Standard Form – 1009 (Rev 10/18)

Prescribed by Treasury: DTAP 1013.106(b) data available from publicly reported sources, making them the only known source of the most accurate and up-to-date data on individual state fiscal performance. The data available from Urban Institute was compared to data from similar sources (Moody's, Bloomberg, S&P) and determined not to overlap or otherwise duplicate data already under contract. Urban Institute is the only known source to provide this raw data on a monthly basis. All other vendors (Moody’s, Bloomberg, S&P) purchase the raw data from Urban Institute and provide their own analysis of that data. Other vendors are unable to sell the data in raw form due to licensing restrictions.

5. Any other important information.

Due to the nature of this acquisition and the unique qualifications of the proposed contractor as described in section 4.b above, market research was limited. An Intent to Sole Source was posted to SAM.gov on March 28, 2025. OFR will continue to monitor the market for vendors that provide this data, as well as published list prices.

6. Certifications and Approvals.

6.a Program Office certification (Requiring Activity). I hereby certify that the supporting information and data provided and which form the basis for this justification are accurate and complete to the best of my knowledge and belief.

Name: Date:

Signatur 6.b Contracting Officer approval. In accordance with FAR 13.106-1(b)(1), as a warranted contracting officer, I hereby determine that the circumstances of the acquisition make only one brand-name or source reasonably available for the reasons provided above; therefore precluding competition and supporting the Government’s determination to solicit as a brand-name requirement or solicit and award to the vendor stated in section 2.b.

Name: Date:

Signature: