CoStar Small Purchase Sole Source Conditions

The State of Illinois, through the Information Technology procurement organization (INFOTECHN551), awarded a contract to CoStar Group for an annual term of CoStar Suite with Market Analytics. The contract, identified as Open Market Small Purchase 26-551HDA-INFOT-P-84037, provides licensing for two user seats - one for Asset Management and one for Multifamily divisions. The total contract value is $35,472.84, with a performance period from September 15, 2025, to August 31, 2026.

The procurement involves the acquisition of comprehensive real estate market analytics software, enabling the state agency to access detailed market insights and data. CoStar Group will deliver the software suite with specific functionality for asset management and multifamily market analysis. The contract was formally executed on September 15, 2025, and is governed by the State of Illinois Chief Procurement Office General Services Standard Terms and Conditions (Version 23.2), which establishes comprehensive guidelines for vendor interactions, compliance requirements, and contractual obligations.