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Public Higher Education Bulletin

 
University of Illinois at Chicago
SoleSource #407JMG

Announcement of a Sole Source Purchase

Renewal Info
Published Tuesday February 18, 2020
Renewal entered into with:
Vendor: Bloomberg L.P
Amount: An estimated $131,760
Renewal: 2nd of 2, 6/15/2020 through 6/14/2021
Pricing Changes: 
None
Service/Product Changes: 
None
Sole Source Status: 
Yes, this procurement remains a sole source.
Potential Future Renewals: None
The Chief Procurement Officer for this procurement is now Ben Bagby.
The State Purchasing Officer for this procurement is now Catherine Bradbury.
The University has taken into account 30 ILCS 575/8i of the BEP Act in conducting this renewal.

The University award process may be delayed up to thirty days as this award goes through a state approval process.
Renewal Info
Published Tuesday February 5, 2019
Renewal entered into with:
Vendor: Bloomberg L.P
Amount: An estimated $131,760
Renewal: 1st of 2, 6/15/2019 through 6/14/2020
Pricing Changes: 
None
Service/Product Changes: 
None
Sole Source Status: 
Yes, this procurement remains a sole source.
Potential Future Renewals: $131,760
The State Purchasing Officer for this procurement is now Ashley Stewart.

The University award process may be delayed up to thirty days as this award goes through a state approval process.
Award Info Published Thursday July 6, 2017
Awarded to:
Vendor: Bloomberg L.P, New York, NY
Amount: An estimated $135,000
Terms:
An estimated start date of 6/15/2017 through 6/14/2019, 24 months
Renewals:
2 twelve-month
Potential Future Renewals: $263,520
The University award process may be delayed up to thirty days as this award goes through a state approval process.
The hearing has been cancelled
Published Tuesday June 20, 2017
The hearing has been cancelled since no vendors registered to attend or submitted comments regarding this notice.
The State Purchasing Officer for this procurement is now Margaret van Dijk.
First published Monday, June 5, 2017
The University awarded a contract for Financial Data Feed to Bloomberg L.P, New York, NY, for an estimated $135,000.
UIC Business has the need for a series of terminals that provide the Faculty and Students financial data regarding real time pricing , volume, data, news and activity. These terminals will provide the mechanism for the UIC Business staff to teach the UIC Business students all about the financial markets and how to work in the real time financial industry. The CME Foundation grant has allowed us to establish a financial market laboratory for student use. Faculty incorporates the solution in various finance and accounting courses in order to show the students how to use it and help prepare them for financial analysis and other similar careers. Our Faculty depend on the solution for faculty research on financial markets and similar topics.
The University has determined that this purchase is only economically available from this source because the item or service is copyrighted or patented and is not available except from the holder of the copyright or patent.

For instructions on how to obtain a comprehensive purchase description, disclosure or contract forms, contact:
Janielle Graham
809 S. Marshfield Ave.
3rd Floor
Chicago, IL 60612
Phone: (312) 413-2816
FAX: (312) 996-3135
State Purchasing Officer - Shirley Webb

We will hold a public hearing at the date, time and location specified below, if we receive a request to testify regarding the sole source determination. We will also hold a hearing if any vendor submits a signed statement showing the capability to provide the stated supplies/services at or below the amount indicated.

The public hearing allows any interested party the opportunity to testify for or against the sole source determination as described in this notice. The purpose of the hearing is to receive information from the public in a reasonable manner. Formal rules of evidence will not apply. The hearing officer will produce minutes of the hearing and may record it in order to aid in the production of the minutes. After conclusion of the hearing we will decide whether the sole source determination was appropriate.

We must receive any request to testify and any vendor statement no later than the registration date and time indicated below. If we do not receive a timely request or statement, we will not hold the hearing. We reserve the right to cancel the procurement prior to any scheduled hearing. Please confirm the status of the hearing with the Hearing Contact.

Hearing Details

Date:
June 21, 2017
Time:
3:00 PM
Location:
Stratton Building
Room 511
401 S. Spring Street
Springfield, IL

Hearing Contact:
Jenessa Conner
Phone:(217) 299-3957
Date, time, and location are subject to change and/or cancellation. It is the responsibility of potential participants to confirm these details prior to attendance.

Registration Deadline:
June 16, 2017
Register with:
Jenessa Conner
Phone:(217) 299-3957

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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Sole Source Justification
  • 407JMG.PDF (333 KB)
Sole Source Justification Part 2
  • 407JMGPart2.pdf (41 KB)