Money Market Government Bids & RFPs

The bid opening date is August 28, 2026.

The underwriting discount will consist of the applicable takedown and customary underwriting expenses, with no management fee. Pricing is estimated and expenses are allowed, subject to approval.

Proposals will be evaluated based on technical merit, commitment to diversity, and pricing. The award will be made to the responsive and responsible offeror whose offer best meets the specified criteria.

Offerors must be registered as a broker-dealer with the Municipal Securities Rulemaking Board and provide a firm overview, including ownership, structure, and public finance employees. Specific transaction experience in senior underwriter roles for toll authorities or state of Illinois bonds is required.

Failure to submit required documents, such as vendor disclosure or utilization plans, may result in disqualification. Failure to comply with requests for information or cooperate with the state may also lead to rejection of the offer.

Written vendor questions are due by 5 PM on August 6, 2026.

Disqualification may occur for late submissions, failure to submit required documents, providing pricing in the alternate description field, or if the offer does not conform in all material respects to the RFP.

Offers must be submitted through BidBuy on or before the bid opening date of August 21, 2026.

The underwriting discount will consist of the applicable takedown per the chart and customary underwriting expenses, with no management fee. Pricing is estimated and expenses are allowed, subject to approval.

Offers will be evaluated based on technical merit, commitment to diversity, and pricing. The award will be made to the responsive and responsible offeror whose offer best meets the specified criteria.

Offerors must meet mandatory qualifications specified in the RFP, including registration as a broker-dealer with the MSRB and providing evidence of relevant transaction experience.

Failure to submit required documents, such as vendor disclosure or utilization plans, may result in disqualification. Failure to agree to bill at the set rate will be deemed nonresponsive.

Protests related to specifications must be physically received by the Protest Review Office no later than 14 days after the solicitation was posted. Protests related to rejection of proposals or awards must be received by close of business no later than 14 days after the protesting party knew or should have known of the facts giving rise to the protest.

Disqualification may occur for late submissions, failure to submit required documents, providing pricing in the alternate description field, or failing to meet mandatory technical requirements.

Proposals must be submitted by 2:00 p. m. CT on September 2, 2026. Late proposals will not be considered.

The evaluation process and criteria are detailed in Part 5 of the RFP, including respondent qualifications, experience, and proposed services.

Respondents must be qualified, independent persons or entities with requisite experience in investment management and related services, demonstrating knowledge of and compliance with the PFIA.

Protest procedures are outlined in section 5. 4 of the RFP.

Proposals not meeting all requirements, containing incomplete documentation, or failing to adhere to submission instructions may be rejected as nonresponsive.