Notice of Intent to Issue Sole Source Award- Reonomy Commercial Database for foreign investments

SPECIAL NOTICE TO SOLE SOURCE:

Agency: Internal Revenue Service (IRS)

POC: Nicole Gordon | email:  nicole.d.gordon@irs.gov

For: Subscription to Reonomy database

The Office of Business Solutions Acquisition (OBSA); Treasury Operations Branch, intends to negotiate a sole-source acquisition with Reonomy for subscription services for two licenses to Reonomy’s commercial database.

The Committee on Foreign Investment in the United States (CFIUS) has a mission-critical need to access the most up-to-date information on real estate transactions with real-time access the U.S. real estate market. Having access to this kind of information better assists CFIUS examine questionable transactions and contextualize them within America’s complex national security issues. Purchasing Reonomy’s web application will greatly assist CFIUS in completing their duties.

Reonomy provides a map-based search function and access to over 52 million properties with indicators such as “likely to sell”, ownership information, and other optimal collaborative features.   This will assist CFIUS to get better insight into real estate purchases, leases, and concessions.  CFIUS would also like to obtain a log/metrics for how their users implement Reonomy in an “Account Overview” portal.