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Identification

Reference Number: 22040712
Request ID:17-104458
Date First Offered05/03/2017
Title:Lockbox and Remittance Services

Agency Reference Number:2018-71-002
Agency:HFS - Healthcare and Family Services
Purchasing Agency:HFS - Healthcare and Family Services
Purchasing Agency SPO:Scott D Kinsell

Status: Closed

Overview

Description and Specifications:
The Illinois Department of Healthcare and Family Services is awarding a contract to Illinois National Bank to provide lockbox and remittance services.

The contract was procured through the Invitation for Bid process, and the contract has been awarded to the lowest priced responsive and responsible bidder.

Key Information

Notice Type:Contract Award Notice

Published:06/01/2017
Notice Expiration Date:06/14/2017

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

Total Amount of Award:$825,000.00 (Total Dollar Value Only/Includes Any Renewal Options)
Estimated/Actual Value Description:3 years Initial Term Cost: $495,000, 1st year renewal at $165,000 and 2nd year renewal at $165,000, for a Total Estimated Award of: $825,000.00
Length of Initial Term:36
Contract Begin Date:07/01/2017
Contract End Date:06/30/2020
Renewal Terms:24

Bidder(s)


Number of Responding Bidders:1
Number of Unsuccessful Bidders:0
Total Number Awarded:1

Listing of All Bidders/Offerors Considered But Not Selected:
N/A
Source Selection:IFB

Vendor(s) Selected for Award
Vendor NameAmount of Award BEP Goal % DBE Goal %
Illinois National Bank$825,000.000%0%

Notice Contact
Name: Jared Jachino
Street Address:401 S Clinton St, Chicago, IL 60607
City:Chicago
State:IL
Zip Code:60607
Phone: 312-793-1001
Fax Number:312-793-1001
EMail Address:jared.jachino@illinois.gov

Class Code

Class Codes:

NIGP Code

NIGP Commodity/Service Code:946 00 FINANCIAL SERVICES - All
961 00 MISCELLANEOUS SERVICES; NO; 1 - All


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