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Public Higher Education Bulletin

Illinois Math and Science Academy
PandASmall #IMSA23025

Announcement of a Professional & Artistic Award Under $100,000

Award Info Published Wednesday October 19, 2022

Raymond James & AssociatesChicago, IL

  • Amount: An estimated $25,000
  • Terms: An estimated start date of 10/17/2022 through 4/30/2023
  • Renewals: None



1 total
0 BEP vendors
0 VBP vendors
0 Small businesses

Award is made to Raymond James & Associates in the amount of $25,000 with a term to expire 4-30-23.

The University award process may be delayed up to thirty days as this award goes through a state approval process.

First published Wednesday, October 19, 2022
The University awarded a contract for Financial Advisory Services.
This Professional and Artistic notice is published in accordance with 30 ILCS 500/35-35 and 44 ILL. Admin. Code 4.2035(e) which allows professional and artistic contracts under $100,000 to be made in accordance with 30 ILCS 500/35-30(f) and 44 ILL. Admin. Code 4.2020 (Small Purchases). IMSA will utilize the financial advisor to explore and recommend financing alternatives related to our outstanding debt and in the event IMSA decides to undertake a capital financing program.
The Illinois Mathematics and Science Academy awards a contract to Raymond James & Associates in the amount of $25,000 for the purpose of exploring and recommending financing alternatives related to outstanding debt and possible capital financing. Raymond James & Associates were selected based upon their experience and lowest overall cost determined by the Chief Financial Officer. The term is less than one year and is non-renewing.

For instructions on how to obtain a comprehensive purchase description, disclosure or contract forms, contact:
Terry Michels
1500 Sullivan Rd
Aurora, IL 60506
Phone: (630) 907-5036
FAX: (630) 907-5030
Chief Procurement Officer - John Donato
State Purchasing Officer - Lee Saulter

The State of Illinois has a policy to encourage prospective vendors to hire qualified veterans, minorities, females, persons with disabilities and ex-offenders.

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