FY26-FY28 Receiving Agent Services Extension
Active Open Market Small Purchase Illinois Awarded
- Contract number
- 26-560IFA-IFA56-P-85744
- Awardee
- Amalgamated Bank of Chicago
- Contracting organization
- IFA560 - Illinois Finance Authority
- Contract amount
- $30,000
Award facts
- Completion date
- NIGP code
- UNSPSC codes
- 84101602 Bi lateral or multi lateral aid
- 84121602 Letter of credit services
- 84121605 Currency conversion service
- 93151701 Currencies or coinage
- 93151608 Government or central bank services
- 64151500 Representative money or currency
- 84121603 Currency exchange services
- 84101603 Non governmental aid
- 84121604 Spot exchange transaction services
- 84121601 Funds clearance services
Show all 33
- 93151702 National bank notes
- 84121500 Banking institutions
- 93151700 Currency
- 64151501 National banknotes
- 64151503 Coins or coinage
- 84101601 Co financing
- 84121606 Remittance processing services
- 84121607 Operating lease finance service
- 93141901 Agricultural commercial banking services
- 64150000 Monetary instruments or currency
- 84120000 Banking and investment
- 84111700 Corporate finance
- 84121600 Funds transfer and clearance and exchange services
- 84122000 Cash vault services
- 64151502 Commercial banknotes
- 64151504 Local currency
- 64151505 Digital currency
- 84101604 Government aid
- 84121501 Privately owned banks
- 84121502 Publicly owned banks
- 84121503 Credit unions
- 84121504 Development finance institutions
- 84122001 Deposit verification services
Award details come from bidbuy.illinois.gov. Updated .
About this award
The Illinois Finance Authority (IFA560) awarded a contract to Amalgamated Bank of Chicago for Loan Receiving Services, effective November 1, 2025, through October 31, 2027. The contract, identified as Open Market Small Purchase 26-560IFA-IFA56-P-85744, has a total contract value of $30,000.00 for the two-year performance period.
The contract appears to be a continuation of a previous Receiving Agent arrangement, with the scope and terms mirroring the original contract. The line item specifically references Loan Receiving Services, with a notation of "3PS - Sent" indicating some form of document transmission or processing. The unit of measure for the services was not specified in the contract documentation. The prime contractor, Amalgamated Bank of Chicago, will provide these services for the Illinois Finance Authority throughout the designated contract period.
Line items
| Item | Total |
|---|---|
| Loan Receiving Services 11/1/25-10/31/27. The same scope and terms apply from the original Receiving agent contract which is attached. | — |
Quick answers
Who was awarded contract 26-560IFA-IFA56-P-85744?
Contract 26-560IFA-IFA56-P-85744 was awarded to Amalgamated Bank of Chicago by IFA560 - Illinois Finance Authority on November 1, 2025.
How much is contract 26-560IFA-IFA56-P-85744 worth?
Its contract amount is $30,000.
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