GNMA Consultant 12-month 26-27 Sole Source Small Purchase

Summary (Newest Update)

Background The State of Illinois is issuing a contract for consulting services related to the Government National Mortgage Association (GNMA). The goal of this contract is to secure expert consultation for a period of 12 months, specifically for the fiscal years 2026-2027. This is a sole-source small purchase, indicating that the state has identified a specific vendor capable of fulfilling the requirements without a competitive bidding process. Work Details The vendor will provide consulting services related to GNMA operations. Specific tasks and deliverables are not detailed in the provided solicitation text, but they are expected to align with the expertise required in GNMA-related activities. The vendor must ensure compliance with all applicable laws and regulations during the execution of these services. Period of Performance The contract will be performed over a 12-month period, specifically covering fiscal years 2026-2027. Place of Performance The geographic location for performance is not explicitly stated; however, it is implied that services may be conducted within the State of Illinois or as directed by the state agency. Bidder Requirements Vendors must comply with the Minority Contractor Initiative, which requires payment of a $15 fee for contracts valued at $1,000 or more. Vendors are also required to maintain appropriate insurance coverage, including General Commercial Liability and Worker’s Compensation Insurance. Additionally, vendors must comply with prevailing wage laws and may need to provide lien waivers upon request.