SS 25_26-47 PUR_7776 CoStar.pdf

PUR 7776 (Revised 07/2022) Page 1 of 2 Incorporated by Reference: Rule 60A-1.045, F.A.C.

DESCRIPTION OF INTENDED

SINGLE SOURCE PURCHASE

(PUR 7776)

AGENCY: Department of Revenue

TITLE: CoStar Realty Information, CoStar Suite Licenses Short description of the commodity or service desired: Online license agreement for the CoStar Suite that provides comprehensive commercial real estate information.

CONTACT

Name: Edwin Valla Address: 2450 Shumard Oak Blvd, 2-1600, Tallahassee, FL 32399 Telephone: 850-717-7567 Email: Edwin.Valla@floridarevenue.com

Internal tracking number, if any: SS # 25/26-47

Date posted: 3/25/26 Last day for receipt of information: 4/15/26

This description of commodities or contractual services intended for purchase from a single source is posted in accordance with Sections 120.57(3) and 287.057(3), Florida Statutes (F.S.), and will remain posted for a period of at least 15 business days.

Commodity or Contractual Service Required (commodity or United National Standard Products and Services Code (UNSPSC), manufacturer, model, and description, as appropriate):

81111902: Online database information retrieval service

Quantity or Term (as appropriate):

6/1/2026 - 5/31/2029

Requestor (division, bureau, office, individual, as appropriate):

Florida Department of Revenue- Property Tax Oversight Compliance Determination Field Services Process 2450 Shumard Oak Blvd, 2-3200

Performance and/or Design Requirements (e.g. intended use, function or application, compatibility, requirements; reference to policy, rule, statute or other act of the Legislature, etc., as appropriate):

CoStar Suite enables Property Tax Oversight appraisers to comply with Florida Statutes 193 and

195. Their database provides the appraisers with comprehensive commercial real estate information on Florida’s 67 counties that is organized, up-to-date and readily searchable. Their data includes information, not only about the entities involved in property sales transactions, but the principal of those entities, brokers, and other involved parties. They also provide a graphical user interface with numerous options that help the appraiser maximize efficiency when

PUR 7776 (Revised 07/2022) Page 2 of 2 Incorporated by Reference: Rule 60A-1.045, F.A.C.

researching comparable sales. In addition, their services include contact information for the parties, which saves time when employees are confirming the sale.

Intended Single Source:

CoStar Realty Information, Inc.

Estimated Dollar Amount:

$603,370.31

Justification for single source acquisition (what is necessary and unique about the product, service or source; steps taken to confirm unavailability of competition, as appropriate):

Single Source procurement due to proprietary nature of information available only on the CoStar online database and licenses to this online database are only available through CoStar.

CoStar Suite provides online access to a comprehensive database of commercial real estate information on Florida’s 67 counties, including, but not limited to:

• Space available for lease

• Comparable sales information

• Tenant information

• Lease comps

• Properties for sale

• Analytic information CoStar:

• has a complete inventory of sales properties, for lease properties, and those that are not

• uses Census, which provides a complete database of researched and verified sales transactions based on fact, not sampling

• physically inspects and photographs properties

• calls and interviews the deal makers

• logs 120,000 + updates/data changes per day

• makes more than 10,000 daily calls to brokers, owners, developers, and other commercial real estate professionals

Approved By (names & titles, as appropriate, e.g., requestor, requestor management, information systems, budget, purchasing):

Faith Ballard, PTO Contract Manager Rene Lewis, PTO Director

Prospective vendors are requested to provide information regarding their ability to supply the commodities or contractual services described. If it is determined in writing by the agency, after reviewing any information received from prospective vendors, that the commodities or contractual services are available only from a single source, the agency shall provide notice of its intended decision to enter a single-source purchase contract in the manner specified in Rule 60A- 1.045, Florida Administrative Code, and section 120.57(3), F.S.