Annual Subscription Renewal to CoStar Database

Summary (Newest Update)

Background The Naval Facilities Engineering Systems Command (NAVFAC) Atlantic, located in Norfolk, VA, intends to award a sole source contract to CoStar Realty Information, Inc. This procurement is aimed at acquiring access to a proprietary database that contains verified commercial real estate transaction information across the nation. The goal of this contract is to enhance the effectiveness of NAVFAC appraisers by providing them with comprehensive data necessary for their operations. Work Details The contractor will provide access to the CoStar proprietary database which includes verified commercial real estate transaction information. This encompasses various types of data such as text, photographic images, and other relevant information. The database also features proprietary organization and structures for categorizing, sorting, and displaying the data effectively. Period of Performance The geographic location(s) the contract will be performed (if provided) Place of Performance The services will be performed at the contractor's location in Arlington, Virginia. Bidder Requirements This is a sole source procurement directed specifically at CoStar Realty Information, Inc. No other bidders are being considered unless they can provide clear and convincing evidence that competition would be advantageous. There are no stated requirements for security clearances or professional certifications as this is a sole source award. Incumbent Analysis (see Incumbents section for more detail) This opportunity appears to have a confirmed incumbent based on prior contract N6247025P4011, awarded to CoStar Realty Information for an annual subscription to the CoStar database (value $175,002) covering 05/05/25–05/04/26. The current requirement similarly seeks continued access to a proprietary, nationwide database of verified commercial real estate transactions to support NAVFAC appraisers, indicating the work is likely a renewal/continuation of the same subscription service.