Exempt-IFA- Sycamore Advisors- FY25

The state and local contracting opportunity posted by the State of Illinois and Cook County is for financial advisory services to be provided by Sycamore Advisors, LLC. The initial term of the contract is from July 1, 2024 to June 30, 2025, with the option to renew. Sycamore Advisors will provide a range of financial advisory services to the Illinois Finance Authority (IFA), including strategic assistance, financial product development, financial advisory services, market research, financing evaluation and structuring, creditworthiness analysis, program marketing, and other financial advisory services as requested. The total payments for these services shall not exceed $176,000 without a formal amendment, though the contract indicates this is an estimated contract value, not a firm price. The services are to be performed in Chicago, Illinois, and subcontractors are not allowed.

This contract opportunity does not appear to have any set-aside designations or restrictions on the types of organizations that can respond. The incumbent vendor, Sycamore Advisors, LLC, is the current contractor providing these services to the IFA. The contract is subject to the availability of appropriated funds and may be terminated for cause or convenience.