FY26-27 Regional Economic Modeling (REMI) Subscription SP with Sole Source Conditions

Regional Economic Models Inc. (REMI) was awarded a small purchase contract by the Illinois Research Office (RESEARCH492) for economic modeling services. The contract, identified as 26-492DOR-RESEA-P-87313, has a total value of $26,917.00 and covers a 12-month performance period from December 1, 2025, to November 30, 2026.

The contract includes two primary line items: first, a REMI Tax PI Maintenance Service for one region at a summary industry level (currently 70 sectors), and second, a REMI PI + Maintenance Fee for five regions at a detailed industry level (currently 160 sectors). The procurement terms specify that shipping, packaging, delivery, and handling fees are included in the item costs, and all quotations must be electronically submitted and remain valid for 90 days. The contract requires immediate service delivery and is subject to standard terms and conditions agreed upon by the vendor.