Solicitation
Credit Ratings, Research, and Data Feed Subscriptions
Federal Deposit Insurance Corporation
AI summaryThe Federal Deposit Insurance Corporation (FDIC) library wants subscriptions to credit ratings research (Lot 1) and a credit ratings data feed delivered through its Bloomberg account (Lot 2), under request for quotation (RFQ) CORHQ-26-Q-0426. The base year runs January 1, 2027 to December 31, 2027, with three one-year options through December 31, 2030. Questions are due October 29, 2026, 12:00 PM EDT; the response due date is November 6, 2026, 12:00 PM Eastern. Award goes to the lowest priced technically acceptable quote, and resellers need a signed manufacturer letter. More in the summary
AI summary Beta
This summary may miss requirements: 2 of 4 attachments weren't read (Questions - Answers.xlsx, Section B-1 - Pricing Schedule - Credit Ratings and Research.xlsx). Check the attachments on SAM.gov.
The Federal Deposit Insurance Corporation (FDIC) library wants subscriptions to credit ratings research (Lot 1) and a credit ratings data feed delivered through its Bloomberg account (Lot 2), under request for quotation (RFQ) CORHQ-26-Q-0426. The base year runs January 1, 2027 to December 31, 2027, with three one-year options through December 31, 2030. Questions are due October 29, 2026, 12:00 PM EDT; the response due date is November 6, 2026, 12:00 PM Eastern. Award goes to the lowest priced technically acceptable quote, and resellers need a signed manufacturer letter.
Who can bid (4)
- If you are a reseller, you must be the manufacturer (OEM) or an Authorized Reseller/Partner of the product, proven with a signed letter from the manufacturer sent with the quote.
- Lot 1: maintain status as a nationally recognized statistical rating organization (NRSRO) under the Securities and Exchange Commission.
- Lot 2: deliver credit rating data through FDIC's Bloomberg data feed.
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- Certify in Section K that you are registered in the System for Award Management (SAM), or in the process of registering.
How to submit: Email to Andy Greenfield, agreenfield@fdic.gov, referencing the solicitation number and including company name, address, phone and point of contact. What to include is under Full summary below. Check the solicitation's instructions on SAM.gov.
Things to watch (9)
From the version posted Oct 22, 2026.
- Serious: Reseller needs a signed manufacturer letter. A reseller must send a signed letter from the manufacturer proving authorized status with the quote, and FDIC may contact the manufacturer to confirm it.
- Serious: Lot 1 requires NRSRO status. The statement of work lists keeping status as a nationally recognized statistical rating organization (NRSRO) under the Securities and Exchange Commission, which few firms hold; whether a reseller of an NRSRO's product qualifies isn't stated.
- Worth checking: Quote all items or bid one line. The technical requirements say to quote all Section B-1 items, but the evaluation section lets an offeror bid on only one line item; ask the contracting officer which applies.
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- Worth checking: Lot 2 must run through FDIC's Bloomberg feed. Rating data must arrive through FDIC's own Bloomberg account, so the data provider must work through that feed.
- Worth checking: Vendor license terms are overridden. Clause 7.3.2-78 voids terms such as click-wrap acceptance, arbitration, indemnification and automatic renewal in a vendor's license agreement, so check your standard terms before bidding.
- Worth checking: High insurance limit. General liability insurance of $5,000,000 per occurrence is required before work begins.
- Minor: Questions due October 29, 2026. Written questions must reach the contracting officer by 12:00 PM on October 29, 2026.
- Minor: Offer must stay valid 120 days. The signed quote must state that the offer is valid for at least 120 days.
- Minor: Price decides the award. Any quote that meets the minimum requirements competes on price alone, and FDIC may ask the lowest priced bidder for further price reductions.
Read from the notice and 2 attachments. 2 of 4 not read. Show which files.
- RFQ - CORHQ-26-Q-0426.pdf (read)
- SOW - Credit Ratings and Research.pdf (read)
- Questions - Answers.xlsx: not read (the AI doesn't read this file type yet): open it on SAM.gov
- Section B-1 - Pricing Schedule - Credit Ratings and Research.xlsx: not read (the AI doesn't read this file type yet): open it on SAM.gov
Full summary
What they want
- Lot 1: an enterprise license to a research and ratings web interface covering financial institutions, corporate entities, emerging markets and finance, with global search, AI-enhanced search, portfolios, watchlists, email alerts and custom charts.
- Lot 1 content: rated and unrated entity coverage, probability-of-default modeling, market-implied ratings, ownership-structure insights, sector analysis, a description of the rating framework, and access to the analysts who write the research.
- Lot 1 support: group and one-on-one virtual training, usage statistics on demand (user name, email and activity), email account support, and helpdesk help during federal business hours; a dedicated person or team is preferred.
- Lot 2: an enterprise license to ratings data delivered through FDIC's Bloomberg data feed, covering corporations, financial institutions, sovereigns, structured finance and U.S. municipal instruments.
- Lot 2 data: organization and instrument ratings, watchlists, identifiers, ownership family trees, loss given default and probability of default, over 10 rating types, four levels of sector indexing, and 20 years of history.
- Lot 2 support: training in group and one-on-one sessions, plus connectivity support.
- Quantity: CLIN 0001 shows 1 EA (a contract line item number is one priced line of the order); the pricing schedule shows QTY 1 for each lot in the base year and each option year.
- Contract type
- Firm-fixed-price subscription license; FDIC may award one, more than one, or no contracts
- Period of performance
- Base year January 1, 2027 to December 31, 2027, plus three one-year options (2028, 2029, 2030); about 4 years if all options are exercised
- Place of performance
- Off-site; services are delivered electronically to all FDIC staff (SAM.gov lists Arlington, VA)
- Estimated value
- Not stated
- How they'll choose
- Lowest price technically acceptable (LPTA): the lowest priced quote that meets the minimum technical requirements wins; there is no credit for exceeding them
- Offers due
- November 6, 2026, 12:00 PM Eastern (EDT)
- How to submit
- Email to Andy Greenfield, agreenfield@fdic.gov, referencing the solicitation number and including company name, address, phone and point of contact
What they'll judge offers on
- Technical acceptability (acceptable or unacceptable): addresses every deliverable in the statement of work, quotes all items in the Section B-1 pricing schedule, and includes reseller proof if applicable
- Price: completeness and reasonableness, and the overall evaluated price, compared with other quotes, FDIC's independent estimate and commercial price lists
- Financial capability: evaluated pass or fail for the likely awardee(s)
What to include when you submit
- Send the quote in four parts: Section B price schedule/quote; Section K representations and certifications; software license agreements, end user license agreements (EULAs), master service agreements or similar terms; and the reseller authorization letter (resellers only).
- Give each part a cover page with your name, address, phone, contact name and email, the solicitation number, and the volume number and name.
- Complete and return the Section B-1 pricing schedule (a spreadsheet) for all items, with prices to the nearest cent, a time of delivery or delivery schedule, and a technical point of contact. The spreadsheet's own instructions were attached but not read.
- Organize the quote so each statement of work deliverable can be traced to your answer.
- Describe what each subscription includes for end users, and give your SAM.gov unique entity identifier (UEI).
- Include your most current terms and conditions as an attachment; links are not acceptable. List any exceptions by solicitation paragraph, with your reason and the effect on performance, schedule and price.
- Have an authorized officer sign the quote with a statement that the offer is valid for at least 120 days.
- Complete and sign Section K, and the pre-award post-government employment certification if you plan to use a former FDIC or Resolution Trust Corporation employee.
- Mark the quote with the solicitation number and your company's name, address, phone and contact person.
After award, you must have
- Liability insurance, including at least $5,000,000 per occurrence for bodily injury and property damage and $1,000,000 for automobiles; the certificate of insurance is due 10 calendar days after execution. From RFQ - CORHQ-26-Q-0426.pdf:
…less than Five Million Dollars ($5,000,000) per occurrence combined single limit.
Not in the notice text
- The Section B-1 pricing schedule spreadsheet and the Questions - Answers spreadsheet are attached but not read, so its pricing instructions and any answers to questions are missing from this brief.
- No dollar estimate or budget is given; the compensation ceiling in the RFQ is blank.
- The number of licensed users or seats isn't stated in the documents read.
- No page limit is stated for the quote.
- Whether a reseller of an NRSRO's research can meet the NRSRO status requirement isn't stated.
- FDIC's Oversight Manager (the technical monitor) is listed as TBD.
Eligibility and how to respond
- No set-aside: any business, large or small, can bid unless the notice says otherwise.
- How to submit, from the AI summary: Email to Andy Greenfield, agreenfield@fdic.gov, referencing the solicitation number and including company name, address, phone and point of contact. Check it in the notice before you send anything.
- Service contracts usually set minimum pay rates (the Service Contract Act). Price the labor with the SCA price calculator.
Notice details
- Posted
- Oct 22, 2026
- Notice type
- Solicitation
- Product/service code
- DA10 · IT and Telecom – Business Application/Application Development Software as a Service
- Business type
- IT, software & telecom (FedReady's grouping, from product/service code DA10)
- Attachments
Past awards and competition
Who has won work like this before, the likely incumbent, and what similar contracts paid, from USAspending.gov.
Before you respond
- How to respond to a solicitation (8 steps)
- How to read a government solicitation
- How to price a government contract
Terms on this notice: Solicitation
Full notice text from SAM.gov
The Federal Deposit Insurance Corporation (FDIC) invites you to submit a quote in response to Request for Quote (RFQ) CORHQ-26-Q-0426 for FDIC’s Credit Ratings, Research, and Data Feed Subscriptions. See the following attachments for the requirement details and RFQ Instructions. RFQ - CORHQ-26-Q-0426 SOW - Credit Ratings and Research Section B-1 - Pricing Schedule - Credit Ratings and Research Questions – Answers All quotes shall be submitted in strict adherence to the proposal instructions outlined in provision 7.3.2-09 “General Proposal Instructions – December 2023”, included in the referenced solicitation. The FDIC will respond to questions or requests for clarification submitted in writing by an offeror, regarding this solicitation. Questions regarding the solicitation are due by 12:00 PM EDT on Thursday, October 29, 2026, via email to me at agreenfield@fdic.gov. Please use the attachment, Questions - Answers, to document and submit any questions. Quotations are due by 12:00 PM EDT on Friday, November 06, 2026, via email to me at agreenfield@fdic.gov. Submit the Pricing Schedule, Section B - Supplies or Services and Prices/Costs of the solicitation, including a point of contact. (See attachment - Section B-1 - Pricing Schedule – Credit Ratings and Research) Submit Representations?&?Certifications - Complete?and?submit?Section?K?-?Representation,?Certifications?and?Other?Statements?of?Offerors. (See Section K of the attached RFQ) Also, when you price this requirement out, please provide details of what is included with the Subscription for the End Users. Please provide your SAM UEI Number. Please submit your most current Terms and Conditions. Thank you
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