Contract Summary

This is a State of Illinois Basic Ordering Agreement (BOA) under $50,000 for a new purchase contract executed by the State of Illinois Chief Procurement Office General Services. The contract was established under the Small Purchase procurement method, with a contract number 27-416CMS-BOSS4-P-99991, effective August 1, 2026, for a 24-month term. The agreement incorporates BOA Terms and Conditions and State of Illinois Standard Terms and Conditions as governing provisions.

The contract covers surface lot parking at 623 West Monroe, Chicago, Illinois, comprising 120 monthly spaces at a unit rate of $315.00 per month (MTH), for a total one-time charge extension of $37,800. Payment is due upon receipt of invoice. The contract total is $37,800, with no periodic charges identified. The acquisition is classified as a Purchase with payment terms of Upon Receipt. All invoices must be submitted by July 31 of each contract year to avoid referral to the Illinois Court of Claims. The contract is subject to prevailing wage requirements, federal funding provisions if applicable, and standard State of Illinois contractual protections including indemnification, insurance requirements of $1,000,000 general liability and $1,000,000 auto liability, and maintenance of records for three years post-completion.