Bid document

INTENT TO SOLE SOURCE

Wharton Research Data Services products (WRDS)

#SS-OFR-27-006

The Treasury Common Services Center (TCSC), on behalf of the Office of Financial Research (OFR) and the Financial Stability Oversight Council (FSOC), intends to contract with Trustees of the University of Pennsylvania, 3451 Walnut St Ste 440A, Philadelphia, PA 19104-6205, on a sole source basis. There is no competitive vendor or regulatory agency that provides these datasets. The proposed Contractor developed and owns the propriety and patented hardware, software and algorithms that are used in these products and support the services specifically required for this acquisition; thereby, the proposed source has the sole unique technical and other resources required for this acquisition.
Pursuant to its mandate, the OFR/FSOC has a need for access to business, financial, economic, and marketing data through a self-managed service with centralized access; a high volume of cross-disciplinary data; and flexibility of delivery including computing cloud access. With this data, the OFR/FSOC also requires technical and research technical, and research specialists available for online assistance and orientation toward academic research information furnished on a platform which consolidates access to major datasets and databases used by academia, regulatory agencies, and commercial entities with financial market and economic information requirements to meet these needs, the OFR/FSOC is pursuing Wharton Research Data Services (WRDS) access. WRDS consolidates access through one platform to commonly accessed financial data sets such as FactSet Revere, S&P CUSIP, Hedge Fund Research, and others. WRDS is the only known platform which creates single point access to commercial datasets such as CUSIP, MF Links, CRSP and other baseline financial data. This expedites research and crisis response as multiple portals need not be consulted to perform the necessary due diligence. OFR needs to purchase WRDS to obtain regulatory and original source financial data and integrate it with information from baseline financial commercial datasets in order to effectively fulfill its mission of anticipating systemic threats to the financial system and publishing the studies found in its Financial Monitor. Much of the source data is not readily obtainable from other sources in its original form nor from a single point of access. The source data and ease of access enable the OFR to respond to critical emergent analytical requests more readily within the