IFA-July 2025 Exempt Contracts

The Illinois Finance Authority (IFA) has issued a procurement opportunity for exempt personal service contracts under Procurement Code 30 ILCS 500/1-10(b)(4), specifically focusing on financial advisory services for the fiscal year beginning July 1, 2025. The contract opportunity encompasses two primary financial advisory service contracts: one with Acacia Financial Services valued at $176,000 and another with Sycamore Advisors valued at $200,000, both exempted under legislative code 30 ILCS 500/1-10(b)(12)(A) for professional services. The procurement is designed to secure specialized financial advisory services with specific deliverables related to professional consulting and strategic financial guidance. The contract opportunity was posted on June 23, 2025, with a response deadline of July 7, 2025, indicating a relatively short procurement timeline. Vendors must demonstrate expertise in financial advisory services, compliance with state procurement regulations, and the ability to provide comprehensive financial consulting support to the Illinois Finance Authority.

The procurement opportunity appears to have no specific set-aside designations or explicit restrictions on participating organizations. The contract is part of a broader procurement exemption framework that covers 18 different procurement code exemption categories, suggesting flexibility in vendor participation. While no specific disadvantaged enterprise requirements are mentioned, the procurement maintains transparency by mandating monthly reporting to the chief procurement officer. The total contract value for the two financial advisory services ranges from $376,000, representing a moderate-sized professional services procurement. The contracts are exempt from standard competitive bidding processes, indicating a streamlined selection approach based on specific professional qualifications and service capabilities. Potential vendors should carefully review the detailed procurement code exemption requirements and be prepared to demonstrate their specialized financial advisory expertise in alignment with the Illinois Finance Authority's specific needs.