This Government Contract opportunity from Department Of The Treasury was posted on September 12, 2024. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

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The CoStar Suite of databases

Closed

5000193784Federal

Submission Closed09/17/2024, 04:00:00 PM UTC

Contract Overview

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

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AI Contract Overview

The Internal Revenue Service intends to award a sole source purchase order to CoStar Realty Information Inc. to provide the LB&I Engineering Program with access to its suite of online real estate database services. These databases offer critical proprietary data on sales and lease transactions for income-producing residential, commercial, and industrial properties across the United States, including financing details, rental rates, occupancy levels, and property imagery. This access is essential for IRS national valuators and engineers to maintain geographical competency and efficiently service a nationwide customer base. The procurement is being conducted under Federal Acquisition Regulation subpart 13.5, as the IRS has determined that CoStar is the only vendor capable of providing the specific proprietary information required. While this is not a competitive solicitation, interested parties may submit a detailed capability statement to the designated points of contact by 12:00 PM ET on September 17, 2024, for consideration.

General Info

IRS sole source award to CoStar for proprietary real estate database access.

Agency

Department Of The Treasury

NAICS

519290 - Web Search Portals and All Other Information Services

Place of Performance

Washington, USA

Set-Aside

NONE

Documents

No documents available

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AI Contract Breakdown

Uniform Contract Format

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Timeline

PhaseClosed

PostedSep 12

special-notice

Response DeadlineSep 17

Deadline has passed

Submission Closed

09/17/2024, 04:00:00 PM UTC

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Organization & Contact Information

AgencyDepartment Of The Treasury

Contacts2 people available

OfficeUSA

Organization / AgencyDepartment Of The Treasury

Office AddressUSA

Contacts

Patricia Brown

contact@example.gov

Ladoris Tuck

contact@example.gov

Full Description

NOTICE OF INTENT TO AWARD A SOLE SOURCE Purchase Order The Internal Revenue Service (IRS) intends to award a sole source purchase order to CoStar Realty Information Inc., located at 1331 L Street, NW Washington, DC. to provide access to on-line real estate database services for the IRS LB&I Engineering Program. The CoStar Suite of databases of sales and lease transactions unlike any other currently available, provide IRS national valuators access to sales transactional involving income producing residential, commercial, and industrial real estate located throughout the United States. IRS LB&I Engineers and Valuators are not geographically restricted in their assignments and must therefore be able to quickly retrieve data and achieve a level of geographical competency. The CoStar databases not only provide market specific information on financing, property income and expenses, rental rates, occupancy levels but also maps and photos of the properties. Additionally, critical proprietary information is obtained and provided through direct contact with parties familiar with the sales transaction namely, property buyers, sellers, and brokers. The ability of IRS LB&I Engineers and Valuators to most efficiently and cost effectively service our nationwide customer base is significantly supported by the CoStar database online subscription services. The purchase will be made using procurement procedures in accordance with Federal Acquisition Regulation (FAR) subpart 13.5- Sole Source acquisition. As a result, there is no other resource currently available that provides critical proprietary information therefore, CoStar Realty Information Inc., is the only vendor that can provide the requested services. For the reason stated above, it was determined that no other vendor would have the capability or experience to fulfill this requirement, leaving CoStar Realty Information Inc., as the only responsible option. *This is not a solicitation for competitive proposals; however, if any interested party believes that they can meet the above requirement, they may submit a capability statement to the point of contact listed in this Special Notice. All information furnished must be in writing and must contain sufficient detail to allow IRS to be able to determine if the interested party can perform the requirement described herein. All responsible sources may submit a capability statement which shall be considered by the agency. The submission must be received no later than 12:00 PM ET on 17 September 2024 to ladoris.r.tuck@irs.gov, and patricia.e.brown@irs.gov.