Sole Source Justification - 50310225P0024_Redacted.pdf

response, which was reviewed by the customer. The customer confirmed that only MMA can provide access to the specific analytics and market commentary required. These publications are unique to MMA and are relied upon by government agencies, institutional investors, and financial analysts as an authoritative source in the municipal bond market.

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.

A Sources Sought Notice was posted on SAM.gov on May 6, 2025. Only one response was received. After technical evaluation, the customer confirmed that MMA is the only responsible source with access to the specific content required. No other vendor can fulfill the requirement without infringing on MMA’s intellectual property rights.

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

Pricing will be evaluated based on historical subscription costs and review of market research price estimates. The Contracting Officer will conduct a price analysis to ensure the price is fair and reasonable.

8. A description of the market research conducted and the results or a statement of the reason market research was not conducted.

Market research included a review of financial research vendors, analytics firms, and bond market data aggregators. The COR consulted with industry experts and reviewed vendor capabilities. No alternative sources were identified that provide the depth, breadth, and proprietary insight available from MMA. MMA is also cited by multiple government and financial entities as the definitive source for municipal market commentary.

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 agency will continue to monitor the market to identify any emerging competitors that may offer comparable data or insights in future years. Prior to future renewals or recompetes, the agency will assess availability of alternative products or services.