CoStar Small Purchase Sole Source Conditions

The State of Illinois, through the Information Technology contracting organization, awarded an Open Market Small Purchase contract to CoStar Group valued at $54,072.84. The contract, designated 27-551HDA-INFOT-P-100518, became effective on September 1, 2026, and is scheduled for completion on August 31, 2027. The single line item comprises a one-year annual term license for CoStar Suite with Market Analytics software, configured for three users and intended to support asset management and multifamily property analytics functions. The deliverable includes the vendor-specified software configuration as detailed in CoStar Group's formal quote.

Performance of this contract is subject to the State of Illinois Chief Procurement Office Standard Terms and Conditions (Version 23.2) and Standard Certifications (Version 26.2), which establish mandatory compliance frameworks governing vendor conduct. These requirements encompass payment processing under the State Prompt Payment Act, prevailing wage compliance, three to five year record retention obligations, insurance coverage minimums of $1,000,000 per occurrence for general liability, intellectual property ownership vesting to the State, and comprehensive certifications addressing legal eligibility, financial compliance, criminal history restrictions, labor standards, environmental safety, drug-free workplace requirements, and procurement integrity prohibitions. CoStar Group must maintain annual certification compliance by January 1 for the duration of this multi-year term.