FY25 Regional Econ Models Licensing Subscription

This is a small purchase contracting opportunity with sole source conditions posted by the State of Illinois Department of Commerce and Economic Opportunity. The State is seeking an annual software subscription for regional economic models, specifically the REMI PI+ model with 160 sectors across 1 region, as well as the REMI Tax PI model with 70 sectors. The 12-month maintenance fee for these models is $26,917.00, with the contract period running from December 1, 2024 to November 30, 2025. The procurement is subject to the State's Standard Terms and Conditions, which cover payment, invoicing, subcontracting, audits, intellectual property, termination, and other standard contract provisions. Proposals are due by September 16, 2024.

The procurement does not appear to have any set-aside designations or restrictions on the types of organizations that can respond. The incumbent vendor is Regional Economic Models Inc., located in Amherst, Massachusetts, which has provided the pricing quote for the annual maintenance fees. No additional information is provided about the budget or award value for this contract opportunity.