DOB NOI for Online Investigations System

Background
The Division of Banks (DOB) of the Commonwealth of Massachusetts is seeking to procure a proprietary software solution from Thomson Reuters. This software is essential for the DOB's Enforcement and Investigations Unit to investigate public records and gather information about licensed and unlicensed entities. The goal is to enhance the agency's ability to conduct thorough investigations by providing comprehensive data on businesses, affiliations, court filings, and enforcement actions.

Work Details
The contract involves procuring the Thomson Reuters Clear software platform, which is specifically designed for investigating public records. The software will provide detailed information including:
- Businesses/entities an individual is affiliated with
- Current and past employers
- Location/addresses
- Court filings/proceedings
- Other enforcement actions.
The total cost for this annual subscription is $6,225.84, which falls below the $10,000 threshold for incidental purchases. This procurement follows a previous RFQ that did not yield any responses due to the proprietary nature of Thomson Reuters' products.

Period of Performance
The contract is expected to commence upon acceptance of the offer and will be an annual recurring subscription.

Place of Performance
The services will be performed within the Commonwealth of Massachusetts.

Bidder Requirements
Interested vendors must submit documentation proving they can provide a proprietary product that meets or exceeds DOB’s requirements. The submission deadline for responses is 5:00 PM (Eastern Time) on August 18th, 2025.