Exempt-IFA- Sycamore Advisors- FY26

The Illinois Finance Authority (IFA) is seeking financial advisory services from Sycamore Advisors, LLC through a contract extension for fiscal year 2026, covering the period from July 1, 2025, to June 30, 2026. The procurement focuses on comprehensive financial advisory support, including strategic program development, financial product evaluation, market research, financing analysis, and credit worthiness assessment. Key deliverables include attending project review meetings, coordinating financing transactions, providing technical support, and offering guidance to the executive director and board members. The contract will be performed primarily in Chicago, IL, Indianapolis, IN, and New York, NY, with 100% of services conducted in the United States. The due date for this contract opportunity is June 30, 2025, with the contract documents posted on June 16, 2025. Evaluation criteria are not explicitly detailed in the provided documentation, but the contract appears to emphasize financial expertise, strategic advisory capabilities, and comprehensive support for the IFA's financial operations.

The contract does not specify any specific set-aside designations or restrictions on responding organizations. Sycamore Advisors, LLC is the incumbent vendor and is seeking a contract extension for the upcoming fiscal year. The contract has a total value not to exceed $200,000, with a maximum payment limit of $176,000 that can be processed without a formal amendment. The funding for this contract comes from locally held funds, and no subcontractors are involved in the service delivery. The contract includes provisions for potential renewal based on continuing need and favorable market conditions, though automatic renewal is not permitted. Standard contract provisions cover termination, confidentiality, legal compliance, and performance expectations. The pricing is described as estimated, suggesting some flexibility in the final contract value depending on the specific services rendered throughout the fiscal year.