Sole source - moody's

The City of Salem, Oregon, located in Marion County, is pursuing a sole source procurement for bond rating services from Moody's Investors Service, LLC. This procurement is being conducted under alternative source selection rules, with a specific intent to award a contract valued at $65,500 on March 8, 2023. The contract focuses exclusively on obtaining professional bond rating services, which are critical for municipal financial documentation and market positioning. The procurement follows a public notice process that includes a specific protest mechanism, requiring potential challengers to submit a $500 certified or cashier's check along with a written protest within 7 days of the notice's publication. The procurement timeline is relatively compressed, with the original posting date of March 1, 2023, and a due date of March 7, 2023, indicating an expedited selection process.

The procurement appears to be a direct sole source award without competitive bidding, which suggests Moody's has been determined to be the sole qualified provider for these specific bond rating services. No specific set-aside designations or restrictions for disadvantaged enterprises are mentioned in the available documentation. The contract value of $65,500 represents the total budgeted amount for these bond rating services. No information is provided about incumbent vendors or existing technological infrastructure requirements. The sole source nature of the procurement implies that Moody's has unique capabilities or expertise that make them the preferred and potentially only acceptable vendor for these municipal bond rating services for the City of Salem and Marion County.