Collateral Recovery Ticket Forms

The Illinois Commerce Commission (ICC) is procuring collateral recovery ticket forms through a renewal of a previous contract. These ticket forms are mandated for use by licensed repossession agents operating within the state of Illinois when repossessing vehicles or other collateral. The ICC, which is required by the Public Act 97-0576 Collateral Recovery Act to regulate for-hire repossession agencies, is seeking to maintain an adequate supply of these tickets, as they sell over 85,000 per year. The procurement will be awarded through an Invitation for Bid (IFB) process, with the contract going to the lowest priced responsive and responsible bidder. The contract term is for one year with four optional one-year renewal periods, and responses are due by March 15th, with the award being made by April 30th.

The procurement is subject to Small Business Set-Aside, Business Enterprise Program, and Veteran's Business Program requirements, though a waiver may be sought. The incumbent vendor is Acme Printing Inc., who has successfully provided the services for the past three years. The contract is funded through the state's general operations budget, and the award amount for the previous 24-month contract was $60,000.