03310324D0025 - ELECTRONIC RESOURCES SERVICES

This IDC contract for IT Hardware, Program Management, Printed/Published Media, IT Outsourcing, Records Management > Professional Services was awarded in FY2024 on Nov 16, 2023 to S&P GLOBAL MARKET INTELLIGENCE LLC by Library of Congress. There have been $2M in obligations to date with a ceiling value of $5M, showing a 40% burn rate so far on the contract. The contract was not competed under any preference program with 53 offers received. We expect a 2 year duration with ultimate completion date of Dec 30, 2025.

S&P GLOBAL MARKET INTELLIGENCE LLC is a contractor located in NY, doing primarily Business Admin Services work for Treasury. The company receives $10.2M annually in federal awards (as of FY2020). Also, they have shown success winning No/Limited Bias contracts concentrated mainly on a singular customer focused portfolio.

The Federal Government competes and awards an Indefinite Delivery Contract (IDC) to support requirements where the quantity and time of delivery are unknown. Typically referred to as Indefinite Delivery-Indefinite Quantity (IDIQ) contracts, the Government has the option of awarding a single or multiple award IDIQ. Once awarded, an IDIQ acts as a master agreement between the Federal Government and one or more contractors. On an as-needed basis, Federal buying organizations place orders, commonly referred to as Task Orders against an IDIQ, to purchase goods or services available through the IDIQ.

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Buying Agency/Office

Congress»Library of Congress

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