FY24-25 IHS Global Subscription small purchase with sole source conditions

This state contracting opportunity is for a small purchase with sole source conditions for the FY24-25 IHS Global Subscription for the Illinois Department of Revenue (IDOR). The procurement is for the renewal of two existing product and service licenses from IHS Global Inc.: the US Regional Comprehensive Service/Online/Subscription License and the Comprehensive US Economic Service License. The total renewal cost for the one-year period from August 2023 to August 2024 is $18,425.28. The procurement does not provide any details beyond the specific product and service renewals, such as pricing terms, set-asides, incumbents, funding requirements, or other salient details.

The state's Standard Terms and Conditions document indicates that this contract may be partially or totally funded with Federal funds, and vendors must comply with all applicable federal, state, and local laws, rules, and regulations. Vendors must maintain appropriate insurance coverage, with the State named as an additional insured, and they are required to provide notice of any changes to subcontractors utilized. The State retains the right to terminate the contract for cause or convenience, and the contract is contingent upon the availability of appropriated funds. The contract is subject to the Illinois Freedom of Information Act, and vendors may be eligible for tax credits for hiring qualified veterans or ex-offenders.