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TREASURY, DEPARTMENT OF THE has floated a tender for Corporate Bond Ratings License. The project location is USA and the tender is closing on 25 Jul 2023. The tender notice number is 2032H323Q00061, while the TOT Ref Number is 85739812. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : USA
Summary : Corporate Bond Ratings License
Deadline : 25 Jul 2023
Other Information
Notice Type : Tender
TOT Ref.No.: 85739812
Document Ref. No. : 2032H323Q00061
Competition : ICB
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : Refer Document
Purchaser's Detail
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Login to see detailsTender Details
Description
NOTICE OF INTENT TO AWARD A SOLE SOURCE CONTRACT
The Internal Revenue Service (IRS) Office of Business Solutions Acquisition (OBSA), Treasury Operations Branch (TOB), on behalf of the Department of Treasury's Office of Economic Policy intends to negotiate a sole source acquisition with Standard & Poor's Financial Services LLC (S&P) for Corporate Bond Ratings License. The anticipated period of performance for this acquisition is from September 28, 2023 - September 27, 2024, plus four (4) 12-month option periods. This requirement also includes FAR 52.217-8 Option to Extend Services and allows up to a six-month extension. This is a follow-on requirement to contract 2032H318P00086 with Standard & Poor-s Financial Services.
The Pension Protection Act of 2006 (PPA) mandates that the Treasury Department produce a corporate bond yield curve, High Quality Market (HQM) Corporate Bond Yield Curve. The HQM yield curve pertains to corporate bonds in the top three qualities AAA, AA, and A. Additional related yield curves using the same methodology are computed in conjunction with the HQM curve, including other corporate bond yield curves and yield curves for Treasury securities.
In order to utilize appropriate bonds for these curves, the Office of Economic Policy follows acceptable market practices and uses the bond credit ratings from major Nationally Recognized Statistical Rating Organizations (NRSROs), including Moody-s and Standard & Poor-s. Therefore, licenses are purchased from these rating organizations for their ratings. The ratings will be provided in daily price files from a third-party provider.
The authority permitting a sole source acquisition is FAR 6.302-1- “Only one responsible source.” Market research was conducted and it has been determined that there is only one responsible source to obtain a license for bond credit rating provided by a major Nationally Recognized Statistical Ratings Organization (NRSRO).
No solicitation pack...
Active Contract Opportunity
Notice ID : 2032H323Q00061
Related Notice
Department/Ind. Agency : TREASURY, DEPARTMENT OF THE
Sub-tier : INTERNAL REVENUE SERVICE
Office : INTERNAL REVENUE SERVICE
General Information
Contract Opportunity Type: Special Notice (Original)
All Dates/Times are: (UTC-04:00) EASTERN STANDARD TIME, NEW YORK, USA
Original Published Date: Jul 14, 2023 03:51 pm EDT
Original Response Date: Jul 25, 2023 03:00 pm EDT
Inactive Policy: Manual
Original Inactive Date: Jul 26, 2023
Initiative: None
Classification
Original Set Aside:
Product Service Code: DA10 - IT AND TELECOM - BUSINESS APPLICATION/APPLICATION DEVELOPMENT SOFTWARE AS A SERVICE
NAICS Code: 519290 - Web Search Portals and All Other Information Services
Place of Performance: USA
Documents
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