Regional Econ Models Forecastin Policy Insight Economic Model Software update

The state of Illinois is procuring an update to the REMI Policy Insight Economic Forecasting Model software through a small purchase with sole source conditions. This is a software as a service (SaaS) contract for the Department of Commerce and Economic Opportunity (DCEO) to access and utilize the REMI forecasting model. The key deliverable is the software update, which will provide the state with access to the latest version of the REMI Policy Insight model and all associated features and functionalities. The procurement has a posted due date of November 4, 2020, with no further details on the solicitation schedule. Qualifications for the vendor are not explicitly stated, but the sole source nature of the procurement indicates the state has pre-determined the REMI model as the required software.

This is a small purchase contract, so there are no designated set-asides or restrictions on the types of vendors that can respond. The state has not provided information on any incumbent vendors or existing technology infrastructure that must be integrated. The contract value is also not specified, but as a small purchase, it is likely under the state's established thresholds for such procurements, though the exact budget range is unknown.