FY24 Regional Econ Models Licensing Subscription

This state and local contract opportunity is a small purchase with sole source conditions for a licensing subscription to the REMI (Regional Economic Models, Inc.) policy insight and modeling software suite from the state of Illinois. The state is seeking to procure this specialized economic modeling software to support policy analysis and regional economic impact assessments. The selected vendor must provide the REMI software license, access, and any necessary training or technical support to enable the state to utilize the modeling tools effectively. The contract has a posted due date of December 20, 2023, with the term of the license/subscription likely covering the state's 2024 fiscal year.

This procurement is designated as a sole source acquisition, likely due to the specialized and proprietary nature of the REMI software. As such, it is restricted to the REMI company as the sole provider of this economic modeling system. The state has not listed any incumbent vendors or budget range, but the contract may be funded in whole or in part with federal funds. Vendors responding must comply with the state's standard terms and conditions, including requirements around prevailing wage, record-keeping, and termination clauses.