Description
This change‑order notice amends an existing contract with the Illinois Housing Development Authority for “Arbitrage Rebate Services.” The amendment is triggered by higher‑than‑expected bond and tax‑plan activity, which the agency says was not reasonably foreseeable when the original contract was signed. The notice references Virginia procurement statutes (likely a copy‑paste error) but the underlying agency and location are clearly Illinois. No specific dollar amount or revised schedule is disclosed; the only procedural note is that any amendment exceeding $25,000 or extending the performance period by 180 days must be posted for 14 days on the state’s BidBuy system.
• Scope: Financial‑services‑type arbitrage rebate calculations related to bond and tax‑plan activities.
• Procurement: Open market, informal bid flag “Yes,” allowing electronic quotes is “No.”
• Regulatory compliance: Cited sections of the Virginia Criminal Code and Procurement Code (likely boiler‑plate language).