Illinois BidBuy #27-427DES-FINAN-B-52819

Emergency Extension for Unemployment Insurance Benefit Payment and Lockbox Banking Services

This opportunity involves an emergency contract extension for benefit payment and lockbox banking services for the Illinois Department of Employment Security (IDES), Finance Bureau. - Government Buyer: - Illinois Department of Employment Security (IDES), Finance Bureau - Services delivered at 115 S LaSalle Street, FL 20, Chicago, IL - OEM and Vendor: - JP Morgan Chase Bank (highlighted as both OEM and service provider) - Products/Services Requested: - Banking services for distribution of unemployment insurance benefits - Lockbox banking operations - 1 unit of services, NIGP code 946-25 (Banking Services) - Unique/Notable Requirements: - Emergency extension of an existing contract - No small business set-aside or BEP/VBP participation goals - Open market, informal bid process - Services must ensure uninterrupted benefit payments to eligible claimants

Description

This solicitation is for an emergency extension of benefit payment and lockbox components related to the distribution of unemployment insurance benefits to eligible claimants. The contract extends services with JP Morgan Chase Bank from July 1, 2026, through September 30, 2026. The scope includes administration of benefit payments and lockbox operations. The procurement is managed by the Finance Bureau under the Department of Employment Security in Illinois.

View original listing