JPMC Sourcewell 092424 Tax-Exempt Municipal Leasing with Related Services

This state and local contracting opportunity is for Sourcewell RFP 092424 Tax-Exempt Municipal Leasing with Related Services. The Chief Procurement Officer for General Services of the State of Illinois has authorized Illinois state and local government entities to participate in the resulting contract on a non-mandatory basis. The purpose of this RFP is to establish Master Agreements with qualified vendors to provide tax-exempt municipal leasing and related services to participating entities. The initial contract term is 4 years with 3 optional 1-year extensions. The solicitation is currently scheduled to close on September 24, 2024. The objective is to obtain best value pricing through the collective purchasing power of numerous state and local government entities. The resulting Master Agreements will be available to state governments, higher education institutions, political subdivisions, and other eligible entities subject to individual state approval.

The Illinois-specific terms and conditions for the cooperative participating agreement require that the total term of the agreement, including any extensions or amendments, cannot exceed ten (10) years. The agreement is subject to the Illinois Freedom of Information Act and the availability of funds, and any claims against the State must be filed with the Illinois Court of Claims. Vendors may be required to meet Illinois Business Enterprise Program and small business contracting goals. The contract's value or budget range is not specified in the provided information.