FY25-26 Regional Economic Modeling (REMI) Subscription SP with Sole Source Conditions

The State of Illinois, through the Illinois Department of Revenue (IDOR), is seeking to establish a new service contract for FY25-26 Regional Economic Modeling (REMI) Subscriptions for a 12-month term from December 1, 2024 to November 30, 2025. The contract will provide a 1 region, 70 sector tax policy model and a 5 region, 160 sector tax policy model. The total value of the contract is $26,917. The services may be funded in part by federal funds, though the specific percentage is not provided. Payment will be made upon invoicing, with late payments subject to the State Prompt Payment Act. The vendor must comply with prevailing wage requirements where applicable.

This is a small purchase with sole source conditions, meaning it is a limited competition procurement. The contract is awarded to the sole-source vendor, Regional Economic Models Inc. (REMI), without a competitive bidding process. There are no set-aside designations or restrictions on the type of organization that can respond. The contract does not indicate any existing incumbent vendors or current contractors, nor does it mention any required integration with existing infrastructure or technology.