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Bid Solicitation: 27-420DCEO-STRTC-B-54021

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Header Information
Bid Number: 27-420DCEO-STRTC-B-54021 Description: SSBCI INVENT Investment Advisor Bid Opening Date: 10/21/2026 01:00:00 PM
Purchaser: Elizabeth Fuiten Organization: CEO - Commerce and Economic Opportunity
Department: STRTCSOURCGPROC420 - Strategic Sourcing & Procurement Location: AW001 - Commerce and Economic Opportunity
Fiscal Year: 27 Type Code: 15 - Request for Proposal (RFP) Allow Electronic Quote: Yes
Alternate Id:   Required Date: Available Date :  09/09/2026 01:00:00 PM
Info Contact: Bid Type: OPEN Informal Bid Flag: No
Purchase Method: Open Market
Pre Bid Conference: See Attached Recording
Bulletin Desc: SSBCI INVENT Investment Advisor - The Investment Advisor will provide consulting and advisory services to support INVENT staff in successfully implementing the program's objectives.
Ship-to Address: Agency Procurement Officer
1011 S Second St
Springfield, IL 62704
US
Email: ceo.procurement@illinois.gov
Phone: (217) 524-8148 		Bill-to Address: Financial Management
1011 S Second St
Springfield, IL 62704
US
Email: ceo.accountspayable@illinois.gov
Phone: (217) 524-8148 		Print Format: Bid Print New
File Attachments: vendor-disclosure-formerly-forms-a-v26-2-7-22-2025 ~2.docx
ipg-active-registered-vendor-disclosure-formerly-forms-b-v-26-1-8-26-2025-1~5.docx
request-for-proposal-offer-to-the-state-of-illinois-7-29-2025-v-26-1~2.pdf
c2d-vendor-guidance-v.24.4 ~2.pdf
c2d-vendor-answer-sheet-v-26-2.pdf
c2d-offeror-job-aid-v.24.2~3.jpg
Pre-Bid Recording Link B-54021.docx
Request for Proposal SSBCI INVENT Re-Bid B- Final.docx
B-54021 SSBCI Investment Evaluation Tool .xlsm
B-54021 - Q and A SSBCI INVENT Investment Advisor.docx
B-54021 - Q and A SSBCI INVENT Investment Advisor 10-8-26.docx
Form Attachments:
Required Quote Attachments
Desired Attachment Name Description
Offer Upload completed Offer with authorized signature here
Vendor Disclosure or IPG Active Registered Vendor Disclosure Failure to complete and upload will result in disqualification
Commitment to Diversity Vendor Answer Form Upload commitment to diversity response here
Technical Response Upload technical response here
Evidence for Mandatory Requirement F.2.1. Upload documentation for meeting F.2.1.
Evidence for Mandatory Requirement F.2.2. Upload documentation for meeting F.2.2.
F.1 - F.3 RFP Uploaded completed tabled from RFP here
Evidence for Mandatory Requirement F.2.3. Upload documentation for meeting F.2.3.
Evidence for Mandatory Requirement F.2.4. Upload documentation for meeting F.2.4.
SPO Name: Abigail Bailey
Is this a Small Business Set Aside Procurement?: No
Is there a BEP/VBP Participation Goal? : No
Link to Original Contract :
Amendments:
Amendment # Amendment Date Amendment Note
1 09/14/2026 02:31:46 PM Amendment to add Q&A Document Attachment File Changes: Header 1. File 'B-54021 - Q and A SSBCI INVENT Investment Advisor.docx': File 'B-54021 - Q and A SSBCI INVENT Investment Advisor.docx' added .
2 10/08/2026 08:11:11 AM Amendment to post Vendor Q and A Attachment File Changes: Header 1. File 'B-54021 - Q and A SSBCI INVENT Investment Advisor 10-8-26.docx': File 'B-54021 - Q and A SSBCI INVENT Investment Advisor 10-8-26.docx' added .

Item Information
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Item # 3:   This is a Request for Proposal (RFP) which requires the pricing to remain locked/unopened prior to the Agencys evaluation of the Vendors Technical proposal. Please review all instructions regarding price submission in the solicitation document. You may also review an instructional video on submitting a quote for a RFP here: https://youtu.be/4NujlhKbazE.
Qty Unit Cost UOM Total Discount Amt. Total Cost
This item is narrative
 
Item # 2:   ( 946  -  56 )   Estimated Budget for 4 year Term - $1,000,000.00. The services under this contract will be on-demand as requested by DCEO and Vendors will invoice based on the hours worked at hourly rates submitted. Vendor must enter $1,000,000.00 for cost into this line item.
NIGP Code: 946-56
   Investment Management Services
Qty Unit Cost UOM Total Discount Amt. Total Cost
1.0   EA - Each    
Manufacturer: Brand: Model:
Make: Packaging:

Additional NIGP Code:

 
Item # 1:   ( 946  -  56 )   Contract Year 1 - Blended Hourly Rate for Investment Advisor for the Illinois Innovation Venture Fund with DCEO. (Quantity of 1 is for evaluation purposes only).
NIGP Code: 946-56
   Investment Management Services
Qty Unit Cost UOM Total Discount Amt. Total Cost
1.0   HR - Hour    
Manufacturer: Brand: Model:
Make: Packaging:

Additional NIGP Code: 946-49, 946-00

 
Item # 4:   ( 946  -  56 )   Contract Year 2 - Blended Hourly Rate for Investment Advisor for the Illinois Innovation Venture Fund with DCEO. (Quantity of 1 is for evaluation purposes only).
NIGP Code: 946-56
   Investment Management Services
Qty Unit Cost UOM Total Discount Amt. Total Cost
1.0   EA - Each    
Manufacturer: Brand: Model:
Make: Packaging:

Additional NIGP Code:

 
Item # 5:   ( 946  -  56 )   Contract Year 3 - Blended Hourly Rate for Investment Advisor for the Illinois Innovation Venture Fund with DCEO. (Quantity of 1 is for evaluation purposes only).
NIGP Code: 946-56
   Investment Management Services
Qty Unit Cost UOM Total Discount Amt. Total Cost
1.0   HR - Hour    
Manufacturer: Brand: Model:
Make: Packaging:

Additional NIGP Code:

 
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