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--Academic Research: Oil Price Forecasts Database

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DE-SOL-0005936Federal

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

AI Contract Overview

The U.S. Department of Energy plans to award a sole source contract to the University of Michigan for a twelve-month project focused on developing a methodology to generate real-time monthly and quarterly forecasts of the real price of oil. This contract includes delivering a real-time database, providing Matlab code, and training DOE staff to maintain the database. The award is made using a sole source exemption, bypassing competitive bidding, but the DOE is open to receiving capability statements and pricing from other firms by a specified deadline if they believe competition is warranted. Any decision to open the contract to competitive proposals rests entirely with the DOE. This contract is not open for solicitation, and interested parties must submit their information by the stated deadline for consideration. The work primarily involves academic research and support tailored to DOE's needs in oil price forecasting. The arrangement highlights DOE’s intention to leverage specialized expertise from the University of Michigan directly, under a sole source justification, ensuring timely access to research outputs and associated tools to enhance energy economic analysis capabilities.

General Info

DOE awards sole source contract to University of Michigan for real-time oil price forecasting project.

Agency

N/A

NAICS

541715 - Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)

Place of Performance

Not specified

Set-Aside

NONE

Documents

No documents available

Documents will appear here when they are available.

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Timeline

PostedJul 24

special-notice

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Organization & Contact Information

AgencyN/A

ContactsNo contacts available

OfficeN/A

Organization / Agency

N/A

Office AddressN/A

ContactsNo contact information available

Full Description

The U.S. Department of Energy (DOE) intends to award a sole source contract to the University of Michigan to perform academic research on a suitable methodology of generating monthly and quarterly forecasts of the real price of oil that is available in real time. This award will also involve providing DOE with a real-time database and suitable Matlab code, and educating DOE staff in maintaining the database in real time. The proposed contract with the University of Michigan will be for twelve (12) months. The DOE is using exemption to competition 6.302-1(a) (2) (ii), one responsible source. This is a notice of intent and not a request for competitive proposals. No solicitation is available for this requirement. If a firm believes the DOE should not pursue this sole source contract with the University of Michigan, then they should submit a capability statement and pricing information for the requirement by August 12, 2013 at 5:00 PM (Eastern Standard Time) via email to contact@example.gov. A determination by the Government to compete this proposed contract based upon responses to this notice is solely within the discretion of the Government. Information will normally be considered solely for the purpose of determining whether to conduct a competitive procurement.

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