FY27 OBD Lexis Nexis Subscription

The State of Illinois, through the Strategic Sourcing & Procurement organization, awarded an Open Market Small Purchase contract to LexisNexis Risk Solutions FL Inc. valued at $3,960.00, effective July 1, 2026, through June 30, 2027. The contract encompasses the provision of three software licenses designed for governmental agencies to conduct company compliance searches, fraud detection, data analytics, and risk management functions. The licensing arrangement provides access for three users at a monthly rate of $110.00 per user ($330.00 monthly aggregate), billed on a twelve-month basis across the contract performance period.

The deliverables consist of twelve license units (representing monthly billing cycles across the one-year contract term) to be utilized by State of Illinois agencies requiring compliance and fraud detection capabilities. Performance of this contract is subject to the State of Illinois Standard Terms and Conditions, which establish mandatory requirements including General Liability insurance of $1,000,000 per occurrence, compliance with state and federal laws, three-year record retention obligations, and termination rights reserved by the State with thirty days' notice for convenience or immediate termination for cause.