CHANGE ORDER NOTICE -Bond Underwriting Services

The Illinois Tollway is issuing a Change Order Notice to extend the existing contracts for Bond Underwriting Services for an additional 120 days, from January 12, 2023 to May 12, 2023. The current contracts were established through RFP #16-0155 and include eleven senior underwriters who market and underwrite Tollway bonds primarily to institutional investors. This no-cost extension will allow the Tollway to take advantage of favorable market conditions for upcoming bond offerings. The change order is necessary due to circumstances that were not reasonably foreseeable at the time the original contracts were signed, and the extension is germane to the original contracts.

No additional details are provided regarding pricing, set-asides, funding sources, or other financial information. The document does not specify any evaluation criteria, qualifications, or deadlines beyond the extended contract term. Additionally, there is no information on any incumbent vendors, existing infrastructure requirements, or the potential award value or budget range for these services.