UCC Mailinglists
ID: 20341525Q00011Type: Special Notice
Overview

Buyer

TREASURY, DEPARTMENT OF THEBUREAU OF THE FISCAL SERVICEARC DIV PROC SVCS - DOPARKERSBURG, WV, 26101, USA

NAICS

Web Search Portals and All Other Information Services (519290)

PSC

NEWSPAPERS AND PERIODICALS (7630)

Original Source

https://sam.gov/opp/9f79818b1e09475582fc3658e96caec2/view
Timeline
    Description

    The Department of the Treasury, specifically the Bureau of the Fiscal Service, intends to contract with Infinite Media Concepts Inc. on a sole source basis to provide comprehensive Uniform Commercial Code (UCC) filing data essential for the Office of Financial Research (OFR) and the Financial Stability Oversight Council (FSOC). This procurement aims to gather critical data on collateralized lending in the U.S. from 2000 to 2022, as well as information related to SBA PPP and EIDL loans during the COVID-19 pandemic, to assess financial stability risks. The OFR's mission, established under the Dodd-Frank Act, underscores the importance of this data in promoting financial stability and standardizing financial reporting. Interested contractors must submit their capabilities by 10:00 a.m. EST on November 4, 2024, to purchasing@fiscal.treasury.gov, as no competitive solicitation will be issued for this opportunity.

    Point(s) of Contact
    Chad Gambrill
    purchasing@fiscal.treasury.gov
    Jason M. Schofield
    purchasing@fiscal.treasury.gov
    Files
    Title
    Posted
    Intent to SS.docx
    The Bureau of Fiscal Service intends to engage Infinite Media Concepts Inc. on a sole source basis to provide comprehensive Uniform Commercial Code filing data, crucial for the Office of Financial Research (OFR) and the Financial Stability Oversight Council (FSOC). This contract stems from the need to analyze financial stability risks, particularly those associated with collateralized lending in the U.S. from 2000-2022 and to gather specific data related to the SBA PPP and EIDL loans during the COVID-19 pandemic. As there are no alternative vendors for this data, Infinite Media Concepts holds unique rights to it. The OFR's mission under the Dodd-Frank Act mandates the collection and standardization of such financial data to support the Council in promoting financial stability. Interested contractors are invited to submit information by November 4, 2024, detailing their capabilities, but a competitive solicitation for these services is not expected. The anticipated contract duration includes a base period of 12 months with two extension options of similar length, emphasizing the government's preference for this sole source procurement unless compelling alternative proposals arise.
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