16-0155 Change Order Notice BofA.pdf
PDF 2 MB Posted
- Attached to
- CHANGE ORDER NOTICE -Bond Underwriting Services
- Solicitation number
- 23-557THA-FINAN-B-32047
- Issued by
- Illinois
About this file
This document is a Change Order Notice from the Illinois Toll Highway Authority (Tollway) regarding Contract 16-0155F for Bond Underwriting Services with BofA Securities Inc. The Tollway is seeking to extend the current contract, which is set to expire on 10/14/2022, for an additional 90-day period from 10/15/2022 to 01/12/2023. This no-cost extension is necessary to allow the Tollway to complete a new procurement process for these services, which has been delayed due to a pending Congressional Hearing.
The original contract for Bond Underwriting Services was established through a competitive procurement process, RFP #16-0155. This change order is being issued in accordance with Illinois procurement regulations, which require notification of contract renegotiations and changes that increase the cost or duration of a contract. The Tollway has determined that the circumstances necessitating this extension were not reasonably foreseeable at the time the original contract was signed.
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Other files
| File | Type | Posted |
|---|---|---|
| 16-0155 Change Order Notice V.23.1~3.pdf |
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Change Order Notice Chief Procurement Office for General Services Change Order Notice v.23.1 44 Ill. Adm. Code 1.1525(g) requires notice of renegotiated contracts and change orders that increase the cost of a contract by more than $10,000 or the time of completion by a total of 30 days or more to be posted on the Bulletin/BidBuy for 14 days.
This Change Order Notice provides detail as to why the change order is needed and, pursuant to Section 33E-9 of the Criminal Code, that the circumstances said to necessitate the change in performance were not reasonably foreseeable at the time the contract was signed or the change is germane to the original contract as signed. Change orders are defined by Section 1-15.12 of the Procurement Code and Section 1.2067 of the CPO-GS' Administrative Rules.
Detailed explanation for this change order:
11.0.0.20130303.1.892433.887364
| DropDownList1: THA - Toll Highway Authority |
| ProcurementTitle: Bond Underwriting Services |
| BBREFNO.: Bid 21-557THA-FINAN-B-24331 |
| thedetails: The Illinois Tollway would like to extend the Contract 16-0155F BidBuy PO P-20675 for Bond Under Writing Services with BofA Securities Inc for an extension period of 10/15/2022 – 1/12/2023 for a term of 90 days. The Tollway as bond underwriters as established by procurement process RFP#16-0155. |
The current Contract for 16-0155F is set to expire on 10/14/2022 . This no cost extension of 90 days will extend the contract until 01/12/2023 for Bond Underwriting Services until the Tollway can process a new procurement, which is pending due to a Congressional Hearing.
| CheckBox1: 1 |
| CheckBox2: 1 |
File details come from the government source that posted it. Updated .