Financial Data Subscription

Performance Work Statement (PWS) Template For Financial Data Subscription Services for EBSA -- 1 of 15 -- Performance Work Statement (PWS) Template Mar 2023 2 PART 1 General Information 1.1. Description of Services/Introduction: The contractor shall provide all personnel, equipment, tools, materials, supervision, and other items and non-personal services necessary to provide a subscription for financial data services as defined in this Performance Work Statement, except as Specified in section C-3 as government furnished property and services. The contractor shall perform to the standards in this contract action. 1.2. Background: The Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) administers and enforces the reporting, disclosure, and fiduciary requirements of Title I of the Employee Retirement Income Security Act of 1974 (ERISA). EBSA’s oversight ensures the security of the private-sector, employer-sponsored retirement, health, and other workplace related benefits of American workers and their families. EBSA is committed to educating and assisting Americans covered by private retirement, health, and other welfare benefit plans, as well as plan sponsors and members of the employee benefits community. EBSA balances proactive enforcement with compliance assistance and works diligently to provide quality assistance to plan participants and beneficiaries. EBSA’s policy is to provide the highest quality of service to its customers. To fulfill its policy, research, and regulatory responsibilities, EBSA requires comprehensive coverage of financial markets, including equities, mutual funds, bonds, alternative investments, and pension portfolios. This financial data subscription will allow EBSA’s economists and investigators to conduct data analysis, and it will cover an array of investment vehicles, including both pension plan and retail mutual funds. This financial subscription will have an advanced ability to search for, manipulate, and download large amounts of data. This ability to evaluate a plan’s investments in a user-friendly way will help targeting plans governed by ERISA and aid EBSA’s national and regional offices in this endeavor. Furthermore, EBSA intends to use financial data to inform its current risk-ranking model. The model will help EBSA use the financial and enforcement indicators to predict the likelihood a plan incurs an ERISA violation. Therefore, acquiring this financial data subscription is important to support EBSA and its mission. 1.3. Objectives: To obtain a subscription for Financial data services. 1.4. Scope: The subscription will include: • An advanced investment research platform that unites global investment data and EBSA’s proprietary information with tools for highly customized analysis. -- 2 of 15 -- Performance Work Statement (PWS) Template Mar 2023 3 • Tools that allow the user to evaluate investments and portfolios at the individual security level and to support research with a searchable database of public filings. • Tools that provide an in-depth balance sheet, income statements, cash flows, and global equity analysis information. • A comprehensive and timely review of total net assets and flow data in the marketplace. • Real-time data from global sources, including all major equity exchanges. • Tools that allow the user to create highly customized fact sheets, reports, data sets, spreadsheets, and presentation templates. 1.5. Period of Performance: The period of performance shall be for one (1) 12-month base period and four (4) 12-month option periods. The Period of Performance reads as follows: Base Period: September 27, 2026 – September 26, 2027 Option Period I: September 27, 2027 – September 26, 2028 Option Period II: September 27, 2028 – September 26, 2029 Option Period III: September 27, 2029 – September 26, 2030 Option Period IV: September 27, 2030 – September 26, 2031 The government reserves the right to extend the term of this contract action at the prices set forth in Section B in accordance with the terms and conditions contained in clause 52.217-9 entitled, “Option to Extend the Term of the Contract”. 1.6. General Information Quality Control: Not Applicable Quality Assurance: The government shall evaluate the contractor’s performance under this contract action in accordance with the Quality Assurance Surveillance Plan. This plan is primarily focused on what the government must do to ensure that the contractor has performed in accordance with the performance standards. It defines how the performance standards will be applied, the frequency of surveillance, and the minimum acceptable defect rate(s). The performance standards are listed in Technical Exhibit 1. Government Remedies: The Contracting Officer shall follow FAR 52.212-4, “Contract Terms and Conditions- Commercial Items” or 52.246-4, “Inspection of Services-Fixed Price” for contractor’s failure to perform satisfactory services or failure to correct non-conforming services. -- 3 of 15 -- Performance Work Statement (PWS) Template Mar 2023 4 Recognized Holidays: The contractor is not required to work on federal holidays. New Year’s Day Labor Day Martin Luther King Jr.’s Birthday Columbus Day President’s Day Veteran’s Day Memorial Day Thanksgiving Day Juneteenth Day Christmas Day Independence Day Hours of Operation: The contractor is responsible for conducting performance between the hours of 9:00 am – 5:30 pm Monday thru Friday (or as mutually agreed upon), except Federal holidays or when the government facility is closed due to local or national emergencies, administrative closings, or similar government directed facility closings. The contractor must at all times maintain an adequate work force for the uninterrupted performance of all tasks defined within this statement of work when the government facility is not closed for the above reasons. When hiring personnel, the contractor shall keep in mind that the stability and co…