CoStar Suite Subscriptions - Two 12 month

The State of Illinois Central Management Services/Bureau of Property Management is conducting a small purchase sole source procurement for two monthly subscriptions to the CoStar Suite product, which provides access to the largest number of commercial real estate listings, detailed sale comparables, and actionable analytics. The two subscriptions will be used by Michael Pittman and Albert Cool for property management purposes, allowing them to access up-to-date information on leases, sales, and purchases. The contract term is one year from August 1, 2020 or the date of execution, whichever is later, to July 31, 2021, with a total not-to-exceed amount of $15,840. The procurement is funded in part by federal funds, with the percentage and total amount to be provided in the award notice. Vendors must comply with the State's Standard Certifications, including requirements related to civil rights, political contributions, delinquencies, use of foreign-made materials, and drug-free workplace.

This is a sole source procurement, as the CoStar Suite product is proprietary to CoStar Realty Information, Inc. There are no set-aside designations or restrictions on the types of organizations that can respond. The incumbent vendor is CoStar Realty Information, Inc., which currently provides the CoStar Suite services. The procurement does not provide a budget range, but the total not-to-exceed amount is $15,840 for the one-year contract term.