Notification of the SEC's Intent to award a purchase order for Equities Risk Factor Model data subscription

The Securities and Exchange Commission (SEC) has published a Special Notice announcing its intent to award a fixed-price purchase order to Barra, LLC for an Equities Risk Factor Model data subscription. This non-competitive procurement was posted on April 6, 2026, and represents a sole-source award determination under FAR Part 12.102. The notice indicates that Barra, LLC has been identified as the only source capable of meeting the SEC's specific requirements for fundamentals-based risk model subscription services and historical data. The Contracting Officer has determined that no other vendor can fully satisfy the agency's data and formatting specifications. The anticipated award date is May 25, 2026.

The primary objective of this procurement is to obtain a fundamentals-based risk model subscription with historical data sufficient for calculating equities risk factors over a 12-month base period. The total contract value is below the Simplified Acquisition Threshold, keeping this within simplified acquisition procedures. Interested parties have until April 13, 2026, to notify the SEC of their capability to meet the requirement or submit alternative proposals, though this is not a competitive solicitation and no formal request for proposals will be issued. While Barra, LLC is the intended awardee, the SEC will consider submissions from other vendors demonstrating they can provide equivalent functionality and meet all specified data and formatting requirements. This presents a limited window for competitors to present alternative solutions before the anticipated award date.