Notice of Intent to make a Sole Source Award
ID: 5000193058Type: Special Notice
Overview

Buyer

TREASURY, DEPARTMENT OF THEINTERNAL REVENUE SERVICE

NAICS

Web Search Portals and All Other Information Services (519290)

PSC

SPECIAL STUDIES/ANALYSIS- ECONOMIC (B507)

Original Source

https://sam.gov/opp/bc6c641e435c463b9e3b0df10c2ccb71/view
Timeline
    Description

    The Department of the Treasury's Internal Revenue Service (IRS) intends to make a sole source award to S&P Global LLC for an annual subscription to their RatingsXpress credit rating database. This procurement is critical for IRS practitioners as it provides essential data for assessing taxpayer compliance, particularly in relation to intercompany loans and transfer pricing. The sole source justification indicates that S&P is uniquely positioned to supply this proprietary data, which is vital for the IRS's operations, and no viable alternatives were identified during market research. Interested parties may direct inquiries to Mach Ngo at mach.ngo@irs.gov, with the contract set to commence on September 13, 2024, and spanning five years.

    Point(s) of Contact
    Mach Ngo
    mach.ngo@irs.gov
    Files
    Title
    Posted
    SF1013_Redacted.pdf
    The document outlines a sole source justification for a federal acquisition by the Department of the Treasury's Internal Revenue Service (IRS). The specific procurement involves a contract with S&P Global LLC for an annual subscription to their RatingsXpress credit rating database—a critical tool for IRS practitioners in assessing taxpayer compliance through access to detailed loan and bond market data. The contract spans five years, commencing September 13, 2024, with the unique features of the S&P data making it irreplaceable. The justification highlights that S&P is the only supplier capable of providing this proprietary data, which is essential for the IRS's operations, particularly in the evaluation and verification of taxpayer compliance related to intercompany loans and transfer pricing. Market research confirmed that only S&P, along with a few others, holds a significant portion of credit market data. There are provisions for public notice under FAR regulations, allowing other entities to express interest, but no alternatives were identified. The Contracting Officer has verified that the costs for this service will be fair and reasonable based on prior pricing benchmarks. The document emphasizes ongoing efforts to explore competitive options in the future while substantiating the immediate necessity of this sole source acquisition.
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