Limited Sources Justification: MarketSIM

The Department of the Interior's Bureau of Ocean Energy Management (BOEM) has issued a Special Notice for a Limited Sources Justification to purchase a study on a sole source basis. The study focuses on providing Maintenance, Training, and Support for BOEM's Market Simulation Model (MarketSim) and Offshore Environmental Cost Model (OECM). MarketSim is an Excel-based model that estimates energy commodity price changes related to new Outer Continental Shelf (OCS) oil and gas production, while the OECM is an Access-based model that analyzes OCS exploration and development scenarios. The contract will have an initial base period of performance of eighteen months, with two additional 18-month option periods. The agency intends to award the contract directly to Industrial Economics, the original developer of these specialized models.

The primary objective of this Special Notice is to justify a sole-source contract for continued maintenance and support of critical energy market simulation tools. The government has determined that Industrial Economics is the only vendor capable of efficiently maintaining these models due to their unique development history and specialized knowledge. Contractors interested in correspondence about this opportunity must direct inquiries to william.rilee@bsee.gov and include "140M0125Q0015" in the subject line, with a note that phone calls will not be returned. The total estimated contract value is $899,710, and the opportunity falls under the NAICS category 541611 for Administrative Management and General Management Consulting Services, with a PSC code of B507 for Special Studies/Analysis-Economic. Potential contractors should note the posted date of May 29, 2025, and the response deadline of June 13, 2025, though this appears to be a sole-source determination rather than a competitive solicitation.