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Identification

Reference Number: 22039426
Request ID:17-100701
Date First Offered09/15/2016
Title:High Speed Rail Corridor Maintenance Escrow Agent-Rebid

Agency Reference Number:17-100701
Agency:DOT - Transportation
Purchasing Agency:DOT - Transportation
Purchasing Agency SPO:Victoria Santiago; Colleen Caton; Bridget McHatton

Status: Closed

Overview

Description and Specifications:
The Illinois Department of Transportation is herein giving notice of its intention to award a contract to Huntington National Bank for the High Speed Rail Corridor Maintenance Escrow Agent.

The maximum expendable amount under the contract for the initial term, without a formal change order or amendment, is $39,500.00

Award is being given to the sole responsive and responsible bidder. A determination was made that anticipated cost will be fair and reasonable, and in the best interest of the Department of Transportation.

Contract start date is an estimate and will commence upon contract execution.

Key Information

Notice Type:Contract Renewal
Published:10/05/2016
Notice Expiration Date:10/20/2017
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
Actual
Establish Escrow Account: $500.00

Initial Term Escrow Agent Fee: $3,900.00

Renewal Term Escrow Agent Fee: $35,100.00
Length of Renewal Term:12
Contract Begin Date:10/20/2016
Contract End Date:10/19/2017
Remaining Renewal Terms:108
Contract Renewal
N/A
Cost of Initial Term: (Total Dollar Amount of Initial Term)
Cost of this Renewal: (Total Dollar Amount of Renewal)
Renewal Increase/Decrease:
Change in Specifications:No
Renewal Number: of

Vendor(s) Selected for Award
Vendor NameAmount of Award BEP Goal % DBE Goal %
Huntington National Bank$39,500.000%0%

Notice Contact
Name: Megan Seitzinger
Street Address:2300 S. Dirksen Parkway, Room 302, Springfield, IL 62764
City:Springfield
State:IL
Zip Code:62764
Phone: 217-524-3938
Fax Number:217-782-5634
EMail Address:megan.e.seitzinger@illinois.gov

Class Code

Class Codes:

NIGP Code

NIGP Commodity/Service Code:946 00 FINANCIAL SERVICES - All
946 25 Banking Services
946 46 Escrow and Title Services


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