SP Emergency-Financial Consulting Services -Loop Capital

The state of Illinois, specifically the Illinois Finance Authority (IFA) and Illinois Climate Bank, is seeking financial consulting services through a Basic Ordering Agreement (BOA) with Loop Capital, LLC. This emergency services contract is structured for a 12-month period from July 11, 2025, to July 10, 2026, focusing on providing Due Diligence and Valuation Services. The procurement method is a small purchase approach, utilizing state funding for fiscal year 2026. Loop Capital will be responsible for delivering financial consulting services at predetermined billable rates, with monthly invoicing and a total contract value of $100,000. The contract requires compliance with prevailing wage laws, standard state procurement terms, and includes provisions for confidentiality and performance standards. Vendors must adhere to comprehensive certification requirements spanning 33 areas, including business registration, employment practices, tax obligations, and ethical standards. The proposal submission deadline is July 25, 2025, with the contract explicitly requiring vendors to maintain appropriate insurance coverage and comply with state and federal regulations.

The contract does not explicitly specify set-aside designations or restrictions for disadvantaged enterprises, though the standard Illinois certifications document suggests a commitment to non-discriminatory procurement practices. No subcontractors are anticipated for this engagement, and Loop Capital, a Chicago-based firm, appears to be the primary vendor. The contract's $100,000 budget represents a moderate-sized professional services procurement, with services to be invoiced monthly throughout the fiscal year. Vendors must demonstrate compliance with extensive certification requirements, which include verifications related to business operations, legal standing, workplace conduct, and regulatory adherence. Failure to meet these certifications could result in significant consequences, including contract voiding, suspension, debarment, denial of payment, civil fines, or potential criminal penalties. The procurement appears focused on securing specialized financial consulting expertise to support the Illinois Finance Authority and Illinois Climate Bank's operational and strategic objectives.