IOC - Tax Stamp

Richards and Stehman LLC has been awarded an Open Market Small Purchase contract by the State of Illinois, through the IOC36001 Procurement organization, with a total contract value of $33.00. The contract, designated as 26-360IOC-IOC36-P-97170, was executed on April 13, 2026, with a completion date of May 15, 2026. The single line item calls for the delivery of S-854 Important Tax Document Enclosed envelopes printed in red ink, with a quantity of one unit at a unit price of $26.50.

The contract is governed by the State of Illinois Chief Procurement Office General Services Standard Terms and Conditions (Version 23.2), which establish uniform requirements applicable to all State of Illinois vendors. Key contractual obligations include compliance with the Illinois Prompt Payment Act for payment processing, maintenance of General Commercial Liability insurance of $1,000,000 per occurrence, and a three-year record retention requirement. The State retains the right to terminate the contract with thirty days' notice for convenience or immediately for cause, and maintains sole ownership of all work product and intellectual property arising from contract performance.