CHANGE ORDER NOTICE - Municipal Advisors Small Purchase

This state contracting opportunity involves a change order notice for a small purchase contract related to Municipal Advisor Services (RFQ #20-0202R / BidBuy Bid B-20919) in the state of Illinois. The contract was initially awarded to Acacia Financial Group, Inc. for a term of six (6) months from May 7, 2021 to November 5, 2021. Due to an unforeseen delay, a four (4) month time-only extension was previously required from November 5, 2021 to March 7, 2022 to complete two debt transactions under the contract. A second time-only extension from March 8, 2022 to June 30, 2022 is now being requested to provide advisory services while a new RFP is being finalized. No additional funds are being added to the contract at this time. The Change Order Notice indicates the circumstances necessitating the change in performance were not reasonably foreseeable at the time the contract was signed, and the change is germane to the original contract as signed. This Change Order Notice is being posted on the Bulletin/BidBuy per the requirements in the Illinois Procurement Code.

This procurement is a small purchase contract, and there are no specific set-aside designations or restrictions on the types of organizations that can respond. The current contractor is Acacia Financial Group, Inc., and the total contract value has not been increased from the original award amount. The state has indicated that a new RFP will be issued in the future for these municipal advisor services, but the specific timeline for that process has not been provided.