GOPB Economic Forecast Data

The Utah Governor’s Office of Planning and Budget is seeking to award a sole source contract to Moody’s Analytics for a five-year subscription to economic forecasting and historical data services, with an estimated value of $300,052, under the Utah Procurement Code’s exceptions to competitive bidding. The justification for non-competition centers on the exclusivity of Moody’s Analytics as the sole provider capable of delivering Utah-specific macroeconomic forecasts across ten scenarios and multiple economic sectors, including labor, real estate, and Gross State Product data, with the necessary depth, granularity, and integration capabilities that alternatives like S&P Global cannot match. The procurement is further supported by significant transitional costs and the impracticality of conducting a standard competitive process due to the proprietary nature of the data and the absence of interchangeable alternatives in the state’s existing cooperative contracts. The contract will provide 6 to 8 user licenses across multiple modules including real-time U.S. and Canadian economic data, forecast databases, and historical datasets, with performance entirely remote and centered in Utah, and delivery is specified as F.O.B. Destination, freight prepaid. No formal contract type, line items, or payment details are defined, and no federal acquisition regulation clauses, CAGE codes, UEI numbers, or socioeconomic certifications are included or required for this award. The Division of Purchasing has been designated as the issuing unit and the sole point of contact for submissions, with the conducting office explicitly instructed not to be contacted directly. The notice period for vendor response is from July 31, 2026, to August 7, 2026, after which the contract is anticipated to be awarded without competition, contingent on written approval from the Division of Purchasing. The subscription is scheduled to commence on September 25, 2026, and may be extended up to 120 days without rebidding, with longer extensions requiring legal consultation, and any cost increases exceeding $50,000 require public notice unless waived under specific regulatory exceptions.