Limited Sources Justification: MarketSim
Awarded Limited / Sole Source Justification Posted
- Solicitation number
- 140M0125Q0015
- Agency
-
Bureau of Ocean Energy Management
Department of the Interior
- Set-aside
- No set-aside
Opportunity facts
- Contract number
- 47QRAA20D0044-140M0125F0015 Federal contract award
- Awardee
- Industrial Economics Inc.
- NAICS code
- 541611 Administrative Management and General Management Consulting Services
- PSC
- B507 Special Studies/Analysis- Economic
- Points of contact
Notice details come from SAM.gov. Updated .
About this opportunity
The Department of the Interior's Bureau of Ocean Energy Management published a Limited Sources Justification for the sole-source award of contract 47QRAA20D0044/140M0125F0015 to Industrial Economics, Incorporated for maintenance, training, and support services for two specialized economic models: the Market Simulation Model (MarketSim) and the Offshore Environmental Cost Model (OECM). The justification is based on Industrial Economics' unique qualifications as the original developer of both models, with the agency arguing that no other vendor could replicate their specialized knowledge of the models' intricate details, data assumptions, user interface, and coding without significant time and cost investment. The procurement covers a base period of 18 months with two additional 18-month option periods, totaling a potential 54 months of service. The contract value is $899,710 and will be executed under GSA Schedule 47QRAA20D0044, with services supporting BOEM's energy commodity price change estimation and offshore activity scenario modeling requirements. Market research conducted through Dynamic Small Business Search and SAM.gov confirmed no alternative vendors possessed the necessary expertise in these specific economic modeling systems.
Notice text
Based on FAR 8.405-6(a)(2) the redacted justification is posted for the award of 47QRAA20D0044/140M0125F0015. Awarded contract 47QRAA20D0044 to unknown vendor for unknown amount on 2025-08-14.
Files
| File | Type | Posted |
|---|---|---|
| A16_-_Limited_Sources_Justification_-_Redact_-_SAM_Posting_1.pdf |
Notice history
| Notice | Type | Posted |
|---|---|---|
| This notice | Limited / Sole Source Justification | |
| Limited Sources Justification: MarketSIM | Special Notice |
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