REMI Annual Licensing and Maintenance
Active Open Market Small Purchase Illinois Awarded
- Contract number
- 26-420DCEO-PLCYD-P-88234
- Awardee
- Regional Economic Models Inc.
- Contracting organization
- Policy Development, Planning & Research
- Contract amount
- $26,917
Award facts
- Completion date
- NIGP code
Award details come from bidbuy.illinois.gov. Updated .
About this award
The Illinois Department of Commerce and Economic Opportunity (DCEO) awarded a contract to Regional Economic Models Inc. for a Policy Insight (PI) plus model license, effective December 1, 2025, through November 30, 2026. The contract, identified as Open Market Small Purchase 26-420DCEO-PLCYD-P-88234, has a total value of $26,917.00 and is managed under the Policy Development, Planning & Research division.
The primary deliverable is a comprehensive economic modeling system that enables DCEO to conduct detailed economic impact analyses, with specific capabilities for evaluating nationwide tariff impacts. The license provides ongoing maintenance and upgrades to the existing REMI economic insight model, ensuring the state has access to current analytical tools for strategic economic planning and assessment.
Line items
| Item | Total |
|---|---|
| Policy Insight + model license. This license is to continue maintenance/upgrades of a working model system for economic insight, PI + Model of Regional Economic Models, Inc (REMI) that allows DCEO to conduct economic impact analyses, including analysis of nationwide impact of new tariffs. | — |
Quick answers
Who was awarded contract 26-420DCEO-PLCYD-P-88234?
Contract 26-420DCEO-PLCYD-P-88234 was awarded to Regional Economic Models Inc. by Policy Development, Planning & Research in Illinois on December 1, 2025.
How much is contract 26-420DCEO-PLCYD-P-88234 worth?
Its contract amount is $26,917.
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