REMI Annual Licensing and Maintenance

The Illinois Department of Commerce and Economic Opportunity (DCEO) is pursuing a small purchase procurement with sole source conditions for a Policy Insight (PI) + Model license from Regional Economic Models, Inc (REMI). The primary objective of this procurement is to continue maintenance and upgrades of an existing economic modeling system that enables sophisticated economic impact analyses, with a specific focus on capabilities such as analyzing nationwide tariff impacts. The contract opportunity was posted on October 21, 2025, with a submission deadline of October 22, 2025, representing an expedited procurement timeline. The deliverables include an annual licensing and maintenance agreement for the economic modeling software, which will provide DCEO with critical analytical tools for economic research and policy development. The goods being procured are specifically a continuation of an existing software license and maintenance contract, indicating a direct renewal with the current vendor. No complex evaluation criteria are explicitly outlined given the sole source nature of the procurement.

The procurement appears to have no specific set-aside designations or restrictions on respondent organizations, though standard state procurement policies likely apply. The attached standard terms and conditions document suggests vendors must comply with various state requirements, including maintaining appropriate insurance coverage (minimum $1,000,000 in general commercial liability), adhering to equal opportunity standards, and potentially meeting minority contractor initiatives. While a precise award value is not specified, the nature of an annual software licensing agreement typically ranges between $10,000 and $50,000 for specialized economic modeling platforms. The existing infrastructure involves the REMI Policy Insight + Model, which requires continued maintenance to ensure uninterrupted access to economic analysis capabilities. The sole source designation implies that REMI is the exclusive provider of this specific economic modeling technology for DCEO's requirements, which eliminates competitive bidding for this particular procurement.