Intent to Sole Source: Morningstar Subscription Data Renewal
Overview
Buyer
Place of Performance
NAICS
PSC
Set Aside
Original Source
Timeline
Qualification Details
Fit reasons
- NAICS alignment with historical contract wins in similar service areas.
- Scope strongly matches core technical capabilities and delivery model.
Risks
- Past performance thresholds may require one additional teaming partner.
- Potential clarification needed on staffing minimums before bid/no-bid.
Next steps
Validate eligibility requirements, assign capture owner, and schedule partner outreach to confirm teaming strategy before submission planning.
Quick Summary
The Treasury Common Services Center (TCSC), on behalf of the Office of Financial Research (OFR), has issued a Special Notice announcing its intent to award a sole source contract to Morningstar Inc. for Morningstar Subscription Data. This data, including the Morningstar Direct platform, is required for global investment analysis. Interested parties must submit capability statements by April 23, 2026, at 10:00 AM ET.
Purpose & Scope
The OFR requires access to various Morningstar Subscription Data, specifically Morningstar Direct, a cloud-based global investment analysis platform. This platform provides critical data such as historical portfolio holdings, equities, separate accounts, hedge funds, ETFs, indexes, and real-time pricing. The government states that Morningstar Inc. is the sole source due to its proprietary and patented hardware, software, and algorithms, with no competitive vendor or regulatory agency providing these unique datasets. The acquisition aims to reduce duplicative administrative processes and improve data onboarding efficiency.
Contract Details
- Type: Special Notice (Intent to Sole Source)
- Duration: One 12-month base period (May 17, 2026 - May 16, 2027) with four 12-month option periods, totaling five years (through May 16, 2031).
- Set-Aside: Not applicable (sole source intent).
- Response Due: April 23, 2026, 10:00 AM Eastern Time.
- Published: April 1, 2026.
Submission Requirements
No solicitation is available. Responsible sources may submit a capability statement, proposal, or quotation electronically to purchasing@fiscal.treasury.gov (reference SS-OFR-26-026/Attn: SA and KZ). Submissions must include:
- Company name, location, contact information, and business size.
- UEI Number.
- Specific details of the product(s) offered.
- Whether content is available via Government contract vehicle or Open Market.
- A brief capabilities statement (not exceeding 5 pages) describing the company's line of business and relevant customer list. Acceptable file types are Microsoft Office non-macro enabled documents and PDFs.
Evaluation
Responses will be evaluated to determine if any other source can meet the requirements more advantageously than Morningstar, Inc. The government retains sole discretion to proceed with a sole source award if no such response is received by the deadline. Telephone inquiries will not be accepted.