DOE awards $78.7K for 6 Bloomberg BNEF licenses to support technology transitions
Contract Overview
Contract Amount: $78,688 ($78.7K)
Contractor: Bloomberg Finance LP
Awarding Agency: Department of Energy
Start Date: 2024-05-01
End Date: 2025-10-31
Contract Duration: 548 days
Daily Burn Rate: $144/day
Competition Type: NOT COMPETED UNDER SAP
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: THIS BPA CALL IS ISSUED AGAINST MASTER BPA 89303019AEE000001 TO OBTAIN 6 BLOOMBERG NEW ENERGY FINANCE (BNEF) USER LICENSES FOR THE OFFICE OF TECHNOLOGY TRANSITIONS (OTT). THE PERIOD OF PERFORMANCE IS FROM 05/01/2024 TO 4/30/2025.
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20585
Plain-Language Summary
Department of Energy obligated $78,688.02 to BLOOMBERG FINANCE LP for work described as: THIS BPA CALL IS ISSUED AGAINST MASTER BPA 89303019AEE000001 TO OBTAIN 6 BLOOMBERG NEW ENERGY FINANCE (BNEF) USER LICENSES FOR THE OFFICE OF TECHNOLOGY TRANSITIONS (OTT). THE PERIOD OF PERFORMANCE IS FROM 05/01/2024 TO 4/30/2025. Key points: 1. Spending is for essential Bloomberg New Energy Finance (BNEF) user licenses. 2. Contract awarded to Bloomberg Finance LP, a known provider. 3. Limited competition due to the nature of specialized data licenses. 4. Sector focus is Information Services, supporting technology transitions.
Value Assessment
Rating: good
The price of $78,688.02 for 6 licenses over 12 months appears reasonable given the specialized nature of Bloomberg's New Energy Finance data. Benchmarking against similar specialized data subscriptions would provide a more precise assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
This BPA call was not competed under SAP, suggesting a limited competition approach, likely due to the proprietary nature of the Bloomberg BNEF data. This limits price discovery but may be necessary for access to unique information.
Taxpayer Impact: Taxpayer funds are used to procure specialized data crucial for informed decision-making in technology transitions.
Public Impact
Provides critical data for the Office of Technology Transitions (OTT). Supports informed decision-making regarding energy and technology investments. Enhances understanding of the new energy landscape.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Limited competition for specialized data.
- Potential for price increases on future renewals.
Positive Signals
- Supports a critical government function (OTT).
- Utilizes a Master BPA for streamlined procurement.
Sector Analysis
The Information Services sector encompasses a wide range of data and technology solutions. Spending on specialized data like BNEF is common for agencies needing market intelligence and analytical tools for strategic planning and investment.
Small Business Impact
This contract was not awarded to a small business. The nature of specialized data providers like Bloomberg often limits opportunities for small business participation in direct contract awards.
Oversight & Accountability
The use of a Master BPA suggests existing oversight mechanisms are in place. However, specific oversight for this individual call would depend on internal agency procedures for data license procurement.
Related Government Programs
- All Other Information Services
- Department of Energy Contracting
- Department of Energy Programs
Risk Flags
- Limited competition.
- Proprietary data source.
- Potential for price increases.
- Reliance on a single vendor.
Tags
all-other-information-services, department-of-energy, dc, bpa-call, under-100k
Frequently Asked Questions
What is this federal contract paying for?
Department of Energy awarded $78,688.02 to BLOOMBERG FINANCE LP. THIS BPA CALL IS ISSUED AGAINST MASTER BPA 89303019AEE000001 TO OBTAIN 6 BLOOMBERG NEW ENERGY FINANCE (BNEF) USER LICENSES FOR THE OFFICE OF TECHNOLOGY TRANSITIONS (OTT). THE PERIOD OF PERFORMANCE IS FROM 05/01/2024 TO 4/30/2025.
Who is the contractor on this award?
The obligated recipient is BLOOMBERG FINANCE LP.
Which agency awarded this contract?
Awarding agency: Department of Energy (Department of Energy).
What is the total obligated amount?
The obligated amount is $78,688.02.
What is the period of performance?
Start: 2024-05-01. End: 2025-10-31.
What is the specific value proposition of Bloomberg BNEF data for OTT's mission?
Bloomberg New Energy Finance (BNEF) provides in-depth data, research, and analysis on clean energy, advanced materials, and related sectors. For the Office of Technology Transitions (OTT), this data likely supports market assessments, technology viability studies, and strategic planning for commercializing new energy technologies, ultimately informing investment decisions and policy development.
What are the risks associated with relying on a single-source provider for critical data?
Relying on a single-source provider like Bloomberg for critical data carries risks of vendor lock-in, potential price escalations without competitive pressure, and a lack of alternative data sources if the vendor's data becomes unavailable or its quality degrades. This can impact the agency's ability to obtain the most accurate or cost-effective information.
How effectively does this data subscription contribute to the agency's overall goals?
The effectiveness hinges on how actively and strategically OTT utilizes the BNEF data. If integrated into core decision-making processes for technology transition and commercialization, it can significantly enhance the agency's ability to identify promising technologies, understand market dynamics, and foster innovation, thereby contributing effectively to its mission.
Industry Classification
NAICS: Information › Other Information Services › All Other Information Services
Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › IT AND TELECOM - APLLICATIONS
Competition & Pricing
Extent Competed: NOT COMPETED UNDER SAP
Solicitation Procedures: SIMPLIFIED ACQUISITION
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 731 LEXINGTON AVE, NEW YORK, NY, 10022
Business Categories: Category Business, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $78,688
Exercised Options: $78,688
Current Obligation: $78,688
Actual Outlays: $78,688
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 89303019AEE000001
IDV Type: BPA
Timeline
Start Date: 2024-05-01
Current End Date: 2025-10-31
Potential End Date: 2026-04-02 00:00:00
Last Modified: 2026-04-02
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