Illinois BidBuy #27-427DES-FINAN-B-54523

Illinois final cost for emergency unemployment-benefit banking and lockbox services

The Illinois Department of Employment Security reports a final cost for emergency unemployment-benefit banking and lockbox services. - Government buyer: Illinois Department of Employment Security, Finance Bureau / Procurement Division. - Vendor: JP Morgan Chase. - Services: Benefit-payment services to distribute unemployment insurance benefits to eligible claimants and administration of lockbox operations. - Quantity and cost: 1 service item; final reported cost of $139,491.39. - Product details: No part numbers or physical products are identified.

Description

This notice reports the final cost for emergency banking services for the Illinois Department of Employment Security. The services include a benefit payment component for distributing unemployment insurance benefits to eligible claimants and a lockbox component for administering lockbox operations. The attached final cost document reports a total cost of $139,491.39. The source identifies the original contract as Bid 22-427DES-ADMIN-B-24931.

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