Emergency Final Cost-Financial Consulting Services

The State of Illinois, specifically the Illinois Finance Authority in Cook County, has initiated an emergency procurement for Final Cost-Financial Consulting Services. The contract, identified by reference number 25-560IFA-1FA56-B-47410, is for specialized financial consulting services provided by Loop Capital, LLC. The emergency contract is time-limited, running from 4/11/25 to 7/10/25, with a total final cost of $22,250 for supplies and services. The procurement appears to be an urgent, targeted engagement requiring specialized financial expertise, likely addressing critical financial consulting needs for the Illinois Finance Authority. The contract was formally reported to the Chief Procurement Officer and Auditor General, indicating a structured emergency acquisition process. The due date for this opportunity is September 16, 2025, with the initial posting made on September 2, 2025.

While specific set-aside designations or disadvantaged enterprise requirements are not explicitly detailed in the provided documentation, the contract was awarded to Loop Capital, LLC, a Chicago-based financial services firm. The emergency nature of the procurement suggests a focused, time-sensitive requirement that necessitated rapid vendor selection. The contract's modest value of $22,250 indicates a relatively small-scale engagement, potentially for targeted financial consulting services or emergency financial analysis. No information is provided about incumbent vendors or existing technological infrastructure requirements. The procurement appears to be a direct emergency contract with Loop Capital, LLC, without a competitive bidding process, likely due to the urgent nature of the financial consulting services needed by the Illinois Finance Authority.