Utah Public Procurement Place U3P #FB27-1

Utah Sole Source Economic Forecast Data Subscription from Moody's Analytics

The Utah Division of Purchasing, representing the Governor's Office of Planning and Budget (GOPB), intends to award a sole source contract for economic forecasting and historical data services. - Government Buyer: - Utah Division of Purchasing, on behalf of the Governor's Office of Planning and Budget (GOPB) - OEM Highlight: - Moody's Analytics identified as the sole source and only OEM capable of providing the required proprietary economic data and scenario modeling - Products/Services Requested: - Subscription to economic forecasting and historical data services covering both U.S. and Utah-specific scenarios - Access to 10 Utah-level forecast scenarios (including upside, downside, stagflation, recession, and consensus) - Coverage of multiple economic sectors: banking, demographics, government, labor markets, real estate, and more - User access to: - Forecast Database: Single State + Alternative Scenarios (6 users) - Forecast Database: U.S. Macro/Financial (6 users) - Historical Database: U.S. National and Regional (8 users) - Economic View: Real Time US/Canada (4 users) - Notable Requirements: - Data must support chart conversion, data transformation, batch downloads, advanced filtering, scheduling, mapping, and Microsoft Office integration - Service must provide robust scenario modeling and real-time data access - Sole source justification based on Moody's proprietary data and lack of equivalent alternatives - Estimated contract value: $300,052 for a five-year term with renewal options - Potential competitors (though not considered equivalent for this procurement): S&P Global, Oxford Economics, REMI

Description

The solicitation is for a subscription service providing United States and Utah-specific economic forecasting data, including historical and real-time data. The data supports the Governor's Office of Planning and Budget (GOPB) in developing budget and revenue scenarios, particularly for stress testing various macroeconomic scenarios. The contract is intended to be awarded without competition due to the unique nature of the data provided by Moody's Analytics, which is the sole source for this specific dataset. The subscription includes multiple forecast scenarios and access for multiple users over a five-year term starting September 25, 2026.

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