University of Illinois System
Announcement of a Professional & Artistic Award Under $100,000
Vendor: Stout Risius Ross, LLC, Chicago, IL
Amount: An amount not to exceed $26,000
An estimated start date of 2/5/2020 through 1/14/2021
The University award process may be delayed up to thirty days as this award goes through a state approval process.
First published Tuesday, February 11, 2020
The University awarded a contract for Legal Services - Patent Valuation.
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). The legal team of Stout Risius Ross LLC is a global advisory firm specializing in Valuation Advisory known for their premier expertise, deep industry knowledge, and unparalleled responsiveness on complex matters relating to intellectual property / Intangible Assets (valuations of patents, trade secrets and copyrights. Stout is available to complete the work necessary in the timeline required.
University decision maker, Thomas Bearrows, University Counsel. University contract number CN-00046981.
Perform a valuation of United States Patent to advise on a range of value.
For instructions on how to obtain a comprehensive purchase description, disclosure or contract forms, contact:
System Purchasing and Support Services
507 E Green Street
Suite 501, MC-407
Champaign, IL 61820
Phone: (217) 333-3840
FAX: (217) 239-6760
Chief Procurement Officer - Ben Bagby
State Purchasing Officer - Geno Marchizza
The State of Illinois has a policy to encourage prospective vendors to hire
qualified veterans, minorities, females, persons with disabilities and ex-offenders.