Reference Number: 22022771
Request ID:12-000000065593
Date First Offered12/08/2011
Title:DES - Report & Remittance Bank Processing Svcs (f/k/a Clearing Account Svcs)

Agency Reference Number:12-65593
Agency:DES - Employment Security
Purchasing Agency:DES - Employment Security
Purchasing Agency SPO:Denise Hudson

Status: Closed


Description and Specifications:
IDES is giving Notice of its intent to award the contract for Report & Remittance Bank Processing Services (f/k/a Clearing Account Services) to Illinois National Bank.

Key Information

Notice Type:Contract Renewal
Notice Expiration Date:06/06/2018
Professional & Artistic:No
Small Business Set-Aside:No
Does this solicitation contain a BEP or DBE requirement?:Yes
Does this solicitation contain a Veteran requirement?:
Relevant Category:General Services
This is the Actual Dollar Value of this services at an annual prices of $1,007,638.55 for an initial three-year term and six renewals to be executed in an option of one renewal for the entire six years, individual one-year renewals or any combination of full or partial-year renewals.
Length of Renewal Term:36
Contract Begin Date:07/01/2012
Contract End Date:06/30/2015
Remaining Renewal Terms:07/01/2015 through 07/01/2021
Contract Renewal
JP MOrgan Chase Bank: $,1800,763.20
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 %
Illinois National Bank$9,068,746.9522%199512433%

Notice Contact
Name: Briant Coombs
Street Address:33 South State Street
Zip Code:60603
Phone: 312-793-9501
Fax Number:312-793-7832

Class Code

Class Codes:S240 Financial Services & Credit Reporting Services


NIGP Commodity/Service Code:946 00 FINANCIAL SERVICES - All


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