Reference Number: 22040289
Request ID:
Date First Offered02/28/2017
Title:Bloomberg Financial Markets

Agency Reference Number:2017-HDA-FI-002
Agency:HDA - Housing Development Authority
Purchasing Agency:HDA - Housing Development Authority
Purchasing Agency SPO:Norm Dixon; Nanzi Cantero

Status: Closed


Description and Specifications:
This is a notice of Hearing for a Sole Source to the existing contract Bloomberg Finance L.P. ("Bloomberg") to provide financial and economic information to the business community worldwide.

The Chief Procurement Office for General Services will hold a public hearing to hear testimony and receive comments on the proposed contract as described in the attached document.

HEARING DETAILS: April 5, 2017
TIME: 2:00 PM
LOCATION: Room 511 Stratton Office Building, 401 South Spring St., Springfield, Il. Call-in information for those unable to attend in person will be provided upon request. Interested parties wishing to request a hearing or submit comments must do so in writing and submit their request to the notice contact. Request for a public hearing by an interested party or written comments shall be made by Friday, March 31, 2017 at 5:00 PM to:

Dianne Richman
712 Stratton Office Building
401 South Spring Street
Springfield, Il 62706
phone: 217-670-9646
fax: 217-558-1399

The hearing will be cancelled, unless an interested party submits a written request for public hearing by Friday, March 31, 2017 at 5:00 PM to the notice contact listed above.

If a public hearing is requested, the purchasing agency shall present testimony justifying the procurement method. Any interested party may present testimony for or against the sole source determination as described in this notice. The purpose of the hearing will be to receive information from the public regarding whether a sole source award is appropriate and in accordance with the Illinois Procurement Code. Formal rules of evidence will not apply. Hearings may be recorded in order to aid in the production of minutes. Parties may submit written comments in lieu of attending the hearing. Written comments will be afforded the same weight as oral comments received at the hearing.

After consideration of the testimony, the Chief Procurement Officer may approve the purchasing agency's request to contract by the sole source procurement method.

Key Information

Notice Type:Sole Source
Notice Stage:
Hearing Notice of Decision Upheld

Notice Expiration Date:05/25/2017
Sole Source Only Justification:In order for the Authority to perform its mission of financing affordable housing throughout the State of Illinois, the Authority requires the use of Bloomberg to manage and monitor the proceeds of providing affordable housing throughout the State. Bloomberg is a sole source proprietary product, premier financial source utilized by the financial industry to conduct financial transactions ranging from executing a trade such as buying and selling securities to getting real-time pricing and news that have a direct impact to the applicable financial market. The Authority uses Bloomberg in pricing its investment portfolio, to create trade tickets when securities are purchased and sold, and as a financing and investment tool to price bonds. The Authority also tracks rate information for mortgage back securities, LIBOR rates and Treasuries that are used as bench marks or setting internal rates, managing collateral used for investments and analyzing and performing stress test on the portfolio. By using Bloomberg, the Authority will be able to access and apply "best execution" for its financial transactions along with to comply with bond, accounting and audit requirements such as Generally Accepted Accounting Principle or GAAP, Governmental Accounting Standards Board or GASB and Government Auditing Standards or GAS.

Accordance with Admin Rule:< Item is patented or copyrighted and only available from holder of patent/copyright

Professional & Artistic:No
Small Business Set-Aside:No

Does this solicitation contain a BEP or DBE requirement?:No

Does this solicitation contain a Veteran requirement?:No

Relevant Category:General Services

Total Amount of Award:$200,000.00 (Total Dollar Value Only/Includes Any Renewal Options)
Estimated/Actual Value Description:Estimate
Length of Initial Term:24
Contract Begin Date:06/01/2017
Contract End Date:05/31/2019
Renewal Terms:0


Number of Responding Bidders:0
Number of Unsuccessful Bidders:0
Total Number Awarded:0

Listing of All Bidders/Offerors Considered But Not Selected:
Source Selection:<Select Source Method>

Vendor(s) Selected for Award
Vendor NameAmount of Award BEP Goal % DBE Goal %
Bloomberg Finance, L.P.$200,000.000%0%

Notice Contact
Name: Dianne Richman
Street Address:401 N. Spring
712 Stratton Office Building
Zip Code:62706
Phone: 217-670-9646
Fax Number:217-558-1399

Class Code

Class Codes:




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