Scope of Services - Compensation Study 25-26 SPSB~1.docx
DOCX document 266 KB Posted
- Contract number
- 26-551HDA-FINAN-P-87735
- Issued by
- Illinois
About this file
The document is a Scope of Services for a Small Purchase Small Business Bid (#26-551HDA-HUMTR-B-49422) issued by the Illinois Housing Development Authority (IHDA), located in Chicago, Illinois. This procurement document outlines a competitive bid for a consultant to conduct a comprehensive compensation and benefits study for the agency.
The study focuses on analyzing salary and benefits for approximately 107 unique positions across four IHDA departments: Asset Management, Homeownership, Multifamily Financing, and Strategic Planning and Research. The contracted vendor must have 7-10 years of experience conducting salary surveys, provide documentation of past client work, and maintain an Illinois-based office. The project has a 6-month contract term, requires professional service delivery, and will involve comparative analysis with similar employers. Payment will be made from locally held funds, with a NET30 policy, and all pricing must be submitted through the BidBuy platform. The winning vendor will be selected based on the lowest total bid, with no price increases permitted during the contract period.
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Other files
| File | Type | Posted |
|---|---|---|
| Standard Illinois Certifications v.26.2~1.pdf | ||
| Standard terms and conditions~38.pdf | ||
| Taxpayer ID Number Page~67.docx | DOCX document |
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Text version
Compensation Study 25-26 Small Purchase Small Business Bid #26-551HDA-HUMTR-B-49422
| AGENCY: | Illinois Housing Development Authority (the “Authority”) | |
| ADDRESS: | 111 E. Wacker, Suite 1000, Chicago, IL 60601 | |
| CONTACT: | Porsche Murry, 312-836-7472, pking@ihda.org | |
| TAX EXEMPT: | YES; Authority Tax Exemption ID Number: E9974-2896-06 |
Scope of Services:
The Illinois Housing Development Authority (the "Authority") is seeking quotes for a consultant to perform a salary and benefits analysis as further described below:
· Conduct an employee compensation and employee benefit study for (4) departments – Asset Management, Homeownership, Multifamily Financing and Strategic Planning and Research (SPAR). This includes approximately 107 unique positions within the Authority, with comparable analysis from employers who are providing equitable services.
· Based on the initial study, determine if individualized positions/salary/benefits modifications are needed; and, if so, assist in the development of such modifications.
· Based on that analysis, prepare recommendations for full compensation and benefits review.
Subcontracting is not allowed.
Milestones and Deliverables:
· Project must be completed within 6 months of contract date.
Vendor Mandatory Requirements:
· Must have a minimum of 7-10 years’ experience conducting salary surveys and comparative analyses for both private and public employers. Vendors must provide documentation describing their qualifications and past experience in performing salary consulting, including a list of at least 5 clients with an FTE between 200-500.
· Bidders must have an office located in Illinois. Please provide Company Address.
Contract Term:
· 6 months from date of contract execution. Dates are subject to change.
Pricing: All Pricing must be submitted in BidBuy.
WARRANTY: All services will be done in a professional manner and in accordance with all applicable laws.
Notes to Vendor: Payment is derived from locally held funds; the Authority does not receive General Revenue funding. It is the Authority’s policy to pay NET30. All Quoted prices must be valid for 90 days from date of submission. All prices must include shipping and handling charges. No price increases will be accepted. In the event of a price decrease, the Authority is guaranteed to receive the lowest price. We reserve the right to reject all offers; to reject individual offers for failure to meet any requirement; to award by item, part or portion of an item, group of items, or total; and to waive minor defects. Vendor must agree to partial ship equipment in case of a delay on total order. Vendor may attach separate page describing his or her proposal for equipment or services. Winning vendor will be chosen on low total bid for all products or services.
By submitting a bid and, if applicable, Vendor certifies it is a responsible bidder and authorized to transact or conduct affairs in Illinois (30 ILCS 500/1.15.80, 20-43).
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