T--Fitch Solutions Subscription - Credit Points
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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.
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