KMxASP Hosting Services Small Purchase Sole Source Conditions

Knowledge Management Solutions, Inc. was awarded a contract by the Illinois Finance & Administration department (FINADMIN494) under an Open Market Small Purchase procurement on July 1, 2026. The contract is valued at $27,000 and is scheduled for completion on June 30, 2027. The primary deliverable consists of KMxASP Application Hosting Services with 50 gigabytes of content storage capacity, provided on a single-unit basis for the one-year contract period.

The contract is governed by the State of Illinois Chief Procurement Office General Services Standard Terms and Conditions (Version 23.2), which establishes uniform requirements applicable across all State of Illinois procurement activities. Key contractual provisions include payment in accordance with the State Prompt Payment Act with invoices due no later than July 31 for services rendered through June 30, mandatory insurance coverage including general liability of $1,000,000 per occurrence, record retention requirements of three years post-completion, and termination rights allowing the State to cancel for cause with written notice or for convenience with 30 days' notice. All work product and intellectual property generated under the contract becomes the exclusive property of the State of Illinois.