Change Order Notice BLX1.pdf

This is a Change Order Notice issued by the Chief Procurement Office for General Services regarding the Illinois Housing Development Authority's (HDA) contract with BLX Group LLC for Arbitrage Rebate Services. The change order addresses a renewal and amendment to the existing contract (BidBuy Reference Number: 26-551HDA-FINAN-B-52804) and was posted on the Bulletin/BidBuy for the required 14-day public notice period, as the modification increases contract costs by more than $25,000. The change order pertains to continued arbitrage rebate services, which are essential for managing bond and tax-related compliance obligations for the housing authority.

The change order was necessitated by higher-than-anticipated bond and tax-plan activity relative to the original contract assumptions, circumstances that were not reasonably foreseeable at the time the initial contract was executed. The change order is considered germane to the original contract scope and complies with Section 33E-9 of the Criminal Code regarding unforeseen circumstances. This modification represents a standard contract adjustment mechanism for HDA's ongoing arbitrage rebate services with BLX Group LLC, allowing the contract to accommodate increased workload demands while maintaining compliance with Illinois procurement regulations and posting requirements.