Equity Index - Small Purchase Sole Source Conditions
Closed State & local contract opportunity Posted
- Solicitation number
- 25-494DOT-FINAD-B-47599
- State
- Illinois
- Responses due
Opportunity facts
- UNSPSC codes
- Point of contact
-
- Omolara Erewele omolara.erewele@illinois.gov (217) 785-5234
Opportunity details come from bidbuy.illinois.gov. Updated .
About this opportunity
The State of Illinois is seeking a sole source procurement for the development of an Equity Index through a small purchase contract, with the primary objective of creating a spatially represented index to evaluate local asset management projects addressing environmental, economic, and mobility hardships for fiscal year 2024. The contract aims to produce a comprehensive analytical tool that can systematically assess and quantify community challenges across various dimensions. The contract opportunity was posted on May 1, 2025, with proposals due by May 2, 2025, representing an extremely tight submission timeline of just one day. Potential vendors must carefully review and complete the Standard Illinois Certifications document, which encompasses 33 distinct certification areas covering legal, ethical, employment, and operational standards. Successful respondents will be required to demonstrate expertise in geospatial indexing, data analysis, and the ability to develop a robust evaluation framework that can effectively map and assess community hardship indicators. The deliverables are expected to include a detailed spatial index that can be integrated into the state's existing project evaluation processes.
The procurement appears to be open to all qualified vendors, though the sole source designation suggests potential restrictions or a predefined vendor selection process. The Standard Terms and Conditions document indicates potential considerations for minority contractors and includes provisions for background checks, performance standards, and compliance requirements. While specific set-aside designations are not explicitly detailed in the provided documents, vendors should be prepared to demonstrate compliance with Illinois' procurement regulations, including potential requirements for veteran hiring, tax compliance, and anti-discrimination standards. No specific budget range or award value is mentioned in the available documentation, though the classification as a "small purchase" implies a relatively modest contract scope. Vendors must be prepared to integrate their proposed index with existing local asset management infrastructure and demonstrate technological compatibility with the state's current evaluation systems. The comprehensive certification requirements suggest that potential respondents must have robust legal, financial, and operational capabilities to successfully compete for this contract.
Opportunity text
Small Purchase with Sole Source Conditions: a company to develop a spatially represented index that becomes an ongoing part of our evaluation of projects collected through the FY 24 local asset management appropriation that seek to alleviate hardships like environmental factors, economic factors, and mobility.
Files
| File | Type | Posted |
|---|---|---|
| StandardTermsandConditions~6.pdf | ||
| Standard Illinois Certifications~6.docx | DOCX document |
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