26-551HDA-ASSET-B-51087 | Hotel Room Block for Asset Management Owner and Agent Training

Solicitation 26-551HDA-ASSET-B-51087 is issued by the Illinois Asset Management agency for a hotel room block to support Asset Management Owner and Agent Training in Chicago, Illinois. Posted on February 10, 2026, under NAICS code 721110, the procurement is managed by Sophia Pastore. While specific pricing and the detailed statement of work are not provided in the available documentation, the contract is governed by the State of Illinois standard terms and conditions, including adherence to the State Prompt Payment Act for invoicing and payment. The agreement mandates strict compliance with Illinois state laws, including equal opportunity requirements under 44 ILL. ADM. CODE 750 and the prohibition of contracts with expatriated entities. The vendor must maintain comprehensive insurance coverage, including one million dollars per occurrence for general commercial and auto liability, and provide worker's compensation as required by law. Additionally, the vendor is required to pay prevailing wages where applicable, indemnify the state against liabilities arising from negligent performance, and ensure all work produced is treated as work for hire with sole ownership granted to the State of Illinois. The state reserves the right to conduct background checks on vendor personnel and may terminate the contract for convenience with thirty days prior written notice.