Pitchbook License Subscription

The Department of Labor's Employee Benefits Security Administration (EBSA) has issued a Notice of Intent to Sole Source for a Pitchbook License Subscription procurement. The agency plans to award a firm fixed price purchase order directly to Pitchbook Data Inc. for five software licenses without competition. The subscription includes access to Pitchbook's Standard Platform, Emerging Technology Research, and Morningstar Equity Research entitlements. The procurement falls under NAICS code 518210 for Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services with a $40 million size standard. The notice explicitly states this is not a competitive solicitation and emphasizes that the government intends to source directly from Pitchbook Data Inc. under FAR authority allowing single-source procurement when only one reasonable source is available.

The purpose of this sole source procurement is to provide EBSA with daily access to Pitchbook's financial data and research platform for five authorized users. Interested parties may submit capabilities statements by August 31, 2025 at 11:00 AM EST to Jeremy B. Keator at keator.jeremy.b@dol.gov, though the government retains complete discretion over whether to make this a competitive procurement. The notice specifically prohibits phone calls and requires all communications to be in writing. While contractors can express interest through capabilities statements, there are no specific eligibility criteria outlined beyond the NAICS size standards. The government has made clear its preference for sole source award to Pitchbook Data Inc. and views this as the only reasonable source for the required software licensing subscription that will be delivered to the Department of Labor's Washington, DC headquarters.