Economic Data Licenses

The state of Florida, through the Executive Office of the Governor, is seeking to acquire an online subscription and license for U.S. economic data from IHS Global Inc. The economic forecasts and data analysis tools provided by IHS Markit are required to develop consensus economic forecasts for the state as mandated by statute. The contract term is for one year from July 1, 2024 to June 30, 2025, with a license for five concurrent users. The estimated dollar amount for this single-source acquisition is $40,895.40. IHS Global Inc. offers proprietary data that meets the agency's requirements, and no other system has been identified with the same features. The agency has determined that the commodities or contractual services are available only from this single source.

The procurement is designated as a single-source acquisition, as the agency has determined that the required economic data and forecasting tools are only available from IHS Global Inc. There are no set-aside designations or restrictions on the types of organizations that can respond. The current incumbent vendor is IHS Global Inc., and the agency has determined that the existing infrastructure and technology requires integration with the IHS Markit platform. The estimated contract value is $40,895.40.