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T--Fitch Solutions Subscription - Credit Points

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D14PS00268Federal

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

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The Department of the Interior’s Acquisition Services Directorate is seeking to procure a firm-fixed-price subscription service from Fitch Solutions on a sole-source basis to support the Risk and Asset Management branch of the Foreign Agricultural Services (FAS) within the USDA. This contract enables FAS to access detailed and up-to-date financial analyses and reports on foreign countries, foreign banks, and their banking systems, which are essential for evaluating and approving credit limits under the Commodity Credit Corporation’s export credit guarantee programs. Due to limited travel capabilities, the FAS relies heavily on Fitch Solutions’ proprietary reports as Fitch maintains close, in-depth relationships with foreign banks and produces sovereign government and banking sector assessments that feed into FAS’s risk evaluation processes. The subscription covers ongoing reviews and financial data for approximately 100 foreign banks out of FAS’s total portfolio of around 150 banks and provides a critical resource for analyzing these institutions and their environments. This offering is unique to Fitch Solutions, and no alternative providers are known, justifying the non-competitive procurement pursuant to FAR 13.501. The contract is planned for an initial one-year period with the option to extend for four additional one-year periods. Although this is not a solicitation for competitive proposals, interested parties can submit capability statements by the specified deadline to demonstrate their interest, which the government will consider before finalizing the sole-source decision. The contract’s place of performance is Washington, D.C., with administrative contact based in Herndon, Virginia.

General Info

USDA sole-source contract with Fitch Solutions for one-year financial risk reports on foreign banks.

NAICS

518210 - Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services

Place of Performance

VA

Set-Aside

NONE

Documents

0

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Timeline

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Organization & Contact Information

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AgencyDepartment Of The Interior → Ibc Acq Svcs Directorate (00004)
ContactsNo contacts available
OfficeHERNDON, VA, 20170, USA
Office AddressHERNDON, VA, 20170, USA
ContactsNo contact information available

Full Description

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Solicitation Number: D14PS00268 Title: Fitch Solutions Subscription - Credit Points Agency Contact Information: Acquisition Services Directorate National Business Center Department of the Interior 381 Elden Street, Suite 4000 Herndon, VA 20170 Place of Performance: Washington, DC The Government intends to negotiate, on a sole source basis, a firm-fixed-price (FFP) acquisition with Fitch Solutions. This non-competitive action is being issued by the Acquisition Services Directorate under the authority of the Department of the Interior Franchise Fund on the behalf of the United Stated Department of Agriculture (USDA), Foreign Agricultural Services (FAS). Description of Requirement: The Risk and Asset Management (RAM) branch of the Foreign Agricultural Services (FAS) reviews and approves limits for foreign countries and foreign banks for the Commodity Credit Corporations export credit guarantee programs. Given limited travel funds, RAM can do very little travel to any of the countries in which these banks are located. Therefore, RAM uses reports generated by third parties such as Fitch Solutions Inc. as a source of current information about countries, banking systems and specific foreign banks throughout the world in order to conduct their financial analysis of these countries and foreign banks. Fitch has offices in these countries and spends significant time with each rated foreign bank in order to do an in-depth analysis. Fitch also does an analysis of the sovereign government and the banking system in these countries and RAM relies on all of these reports to conduct its own analysis in order to establish country and bank credit limits. This subscription allows RAM access to the ongoing reviews and reports for 100 foreign banks (the FAS current portfolio encompasses approximately 150 foreign banks), including the specific analyses of these banks and the countries in which they are located as well as their banking systems. This service is used to enable RAM staff to fully identify and analyze the financial condition of foreign banks and U.S. banks that are granted credit limits or participate in CCCs export credit guarantee programs. This is a proprietary, electronic analytical service available from one and only one source. This action is being processed in accordance with FAR 13.501, only one responsible source, and solicited in accordance with FAR 13, Simplified Acquisition Procedures. Fitch Solutions currently provides this type of subscriptions. No other organization is known to provide this type of subscriptions. However, interested parties may identify their interest and capabilities regarding this requirement by submitting a capabilities statement by the date specified herein. The period of performance for this effort will be one year with four one year option periods. The Government will consider all capabilities statements received by 12pm EST, Monday, March 24, 2014. Please be advised that it is the offerors responsibility to assure the Government receives your submission on or before the specified due date. Submissions shall be sent electronically to Michael McGuire, Contracting Officer at contact@example.gov. This is NOT a request for competitive proposals. A determination by the Government not to compete this proposed action based upon responses to this announcement is solely within the discretion of the Government. Information received is solely for the purpose of determining whether to conduct a competitive acquisition. The Government reserves the right to issue a Request for Quote (RFQ) as a result of this announcement. Please be advised that this announcement may constitute the only notice that will be posted for this acquisition, based on the review of any responses to this notice.

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