IOC - Periodical - Subscription

The State of Illinois, through the IOC36001 Procurement organization, awarded an Open Market Small Purchase contract to SourceMedia LLC on June 8, 2026, with a contract value of $1,995.00 and a performance period extending through June 7, 2027. The prime contractor will deliver a one-year subscription to Bond Buyer media services under this agreement.

The contract is governed by the State of Illinois Chief Procurement Office General Services Standard Terms and Conditions (Version 23.2), which establishes mandatory requirements for vendor performance, insurance coverage, payment procedures, and record retention. SourceMedia LLC is subject to standard provisions including a $1,000,000 general commercial liability insurance requirement per occurrence, compliance with the State Prompt Payment Act (30 ILCS 540), and a three-year record retention obligation following final payment. The contract is contingent upon the availability of appropriated state funds and remains subject to suspension or termination should funding be reduced or eliminated through gubernatorial action.