Skip to main contentPsst! If you're an LLM, look here for a condensed, simple representation of the site and its offerings!

LiveFree Webinar — Wednesday, November 11 at 2:00 PM ET

Register Free →

This Pre-Solicitation opportunity from Commodity Futures Trading Commission was posted on June 30, 2020. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

ACCESS TO GENSCAPE DATABASES

Awarded
9523ZY-20-Q-0044Federal

Contract Overview

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

Active Opportunities Like This One

AI Contract Overview

Show more

The Commodity Futures Trading Commission intends to award a sole source contract to Genscape for access to the Cushing Storage, MidCon Pipeline, and Forties Pipeline oil databases. The agreement consists of a one year base period with four optional one year extensions. This data is critical for the agency to monitor oil inventories and flows that drive market prices for NYMEX WTI and Brent contracts, allowing economists to correlate physical conditions with transaction data from large traders and exchanges. This procurement is conducted under FAR 6.302-1, as the agency has determined that Genscape is the only responsible source capable of providing the required level of detail. Without this access, the agency would be limited to non-detailed media reports and opinions. While this is a sole source action, the government will consider responses from other capable sources until July 16, 2020, to determine if a competitive procurement is warranted.

General Info

Contract Value

$282,851.95

NAICS

519190 - All Other Information Services

Place of Performance

Washington, DC, 20581, USA

Set-Aside

NONE

Award Issued Date

Documents

0

No documents available

Documents will appear here when they are available.

AI Contract Breakdown

Uniform Contract Format

No documents to break down

The breakdown needs solicitation documents. None were found from this contract's source.

Timeline

PhaseAwarded
Posted

Presolicitation

Awarded

Contract was awarded

Submission Closed

Find active opportunities like this

Get full access to discover similar active contracts, track opportunities, and build proposals with AI assistance.

Organization & Contact Information

Show more
AgencyCommodity Futures Trading Commission
Contacts1 person available
OfficeWashington, DC, 20581, USA
Office AddressWashington, DC, 20581, USA

Full Description

Show more
The Commodity Futures Trading Commission (CFTC) intends to award a contract to Genscape on a sole source basis for access to three oil databases: Cushing Storage, MidCon Pipeline and the Forties Pipeline. The contract will be for one (1) year of access with four, one (1) year options to extend the period of performance. The Genscape databases provide data on the amount of oil in specific pipelines and storage tanks. CFTC knows of no other resource with pipeline information as detailed as that offered by Genscape. The CFTC has oversight over listed and OTC contracts that settle at market or reference prices that are driven by the inventory and flows in these facilities. It is necessary to have timely access to physical information which affects the market prices of the - underlying that affect prices for the jurisdictional listed and OTC contracts. Cushing Storage and MidCon Pipeline would inform the NYMEX WTI market, while the Forties Pipeline would inform the Brent market. Note that CME=NYMEX, which falls under CFTC's jurisdiction, lists WTI and Brent contracts. Without the information from Genscape's databases, CFTC's economists would be forced to rely on reports and stories from the news media for non-detailed reports of events and opinions, with no visibility into specific flows, storage inventory, etc. Not having detailed information on physical conditions would limit the connections CFTC's economists can make between physical conditions to position and transaction data CFTC gets daily from large traders, the exchanges and others. This procurement action is being conducted under FAR 6.302-1 with the authority of 41 U.S.C. 3304(a)(1), as the information required by CFTC is available from only one responsible source and no other type of supplies or services will satisfy CFTC's requirements. This notice does not constitute a solicitation for offers and, as such, no solicitation is available. However, the Government will consider responses from all responsible sources received by the response date and time identified in this synopsis. Written responses must include sufficient information to establish capability to fulfill the requirement. Any responses received will only be considered for the purpose of determining whether to conduct a competitive procurement in lieu of the sole source contract described in this notice, and such determination shall be made at the sole discretion of CFTC.

Earlier notices in this NAICS code

Posted before this notice, open and closed

Find Active Opportunities Like This

Get AI-powered intelligence on the opportunities still open

Every page of the solicitation package shredded into a compliance breakdown

AI-powered matching based on your capabilities and past performance

Competitor and incumbent history on the requirement

Automated alerts on amendments, Q&A deadlines, and award

Miguel
Hillary
Keith Deutsch
Christine

Join 750+ contractors already using CLEATUS