Illinois BidBuy #26-420DCEO-STRTC-B-48677

Illinois DCEO Seeks Investment Advisor for SSBCI INVENT Program

The Illinois Department of Commerce and Economic Opportunity (DCEO), through its Entrepreneurship, Innovation & Technology division, is seeking an Investment Advisor for the Illinois Innovation Venture Fund under the SSBCI INVENT program. - Government Buyer: - Illinois Department of Commerce and Economic Opportunity (DCEO), Entrepreneurship, Innovation & Technology division - OEMs and Vendors: - No specific OEMs or vendors are named; this is a professional services solicitation - Products/Services Requested: - Investment management and advisory services for the Illinois Innovation Venture Fund - Services to be provided on-demand over a four-year term - Vendors will invoice based on hours worked at submitted hourly rates - Blended hourly rates required for each contract year - Notable Requirements: - Pricing must remain locked and unopened until after technical evaluation of proposals - Estimated contract budget is $1,000,000 - NIGP codes: 946-56 (Investment Management Services), 946-49, 946-00 - No physical products are being procured; this is strictly for professional services

Description

This solicitation is a Request for Proposal (RFP) for an Investment Advisor for the Illinois Innovation Venture Fund with the Department of Commerce and Economic Opportunity (DCEO). The contract involves providing investment management services on an on-demand basis over a four-year term, with vendors invoicing based on hours worked at submitted hourly rates. The estimated budget for the term is $1,000,000. The solicitation includes multiple line items for blended hourly rates for each contract year and requires pricing to remain locked until after technical evaluation.

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