IOC - Business License

The state of Illinois has issued a procurement opportunity for an IOC - Business License through a small purchase with sole source conditions. The contract opportunity, identified by the ID 67c63cadbbb9c42fd60d79f4, was posted on February 28, 2025, with a submission deadline of March 3, 2025. While specific details about the business license are limited in the provided documentation, the procurement appears to be managed by the Illinois Chief Procurement Office General Services. The attached Standard Terms and Conditions document (Version 23.2) provides insight into the contractual framework, indicating that vendors must comply with specific state procurement regulations. Key contractual requirements include maintaining appropriate insurance coverage (minimum $1,000,000 per occurrence for general and auto liability), adhering to prevailing wage regulations when applicable, and understanding record retention obligations spanning 3-5 years depending on the funding source.

The procurement does not explicitly outline set-aside designations or specific restrictions on responding organizations based on the available documentation. No incumbent vendors or current contractors are identified in the provided materials. The standard terms suggest a comprehensive approach to vendor qualifications, with emphasis on financial stability, insurance compliance, and ability to meet state procurement standards. While a precise award value is not specified, the documentation implies that contracts over $1,000 will be subject to a $15 administrative fee under specific sections of the Illinois Procurement Code. Vendors should be prepared to demonstrate their capability to meet the state's stringent contractual requirements, including potential prevailing wage compliance, federal funding disclosures, and adherence to invoicing procedures outlined in the standard terms and conditions document.