26-551HDA-HUMTR-B-50882 | Creative Planning Small Purchase Sole Source Conditions

The contract titled "26-551HDA-HUMTR-B-50882 | Creative Planning Small Purchase Sole Source Conditions" is a solicitation issued by the Illinois Human Resources agency, with the place of performance in Chicago, IL. The procurement follows a sole source small purchase format, indicating that the contract was likely awarded without competition based on the unique qualifications or capabilities of the vendor, Creative Planning. The contract's administrative oversight and points of contact are managed locally within Chicago, with Clarence Ray identified as the primary purchaser responsible for questions and coordination. The contract incorporates the State of Illinois Chief Procurement Office Standard Terms and Conditions version 23.2, which provides a comprehensive framework governing the execution of the agreement. Key provisions include compliance with payment and invoicing protocols aligned with the State Prompt Payment Act, adherence to applicable minority contractor fees, and strict invoicing and documentation requirements. Furthermore, responsibilities such as subcontractor approvals, assignment restrictions, audit and record retention obligations are clearly defined to ensure accountability and transparency. The terms also address performance-related stipulations including prevailing wage laws, federal funding compliance, force majeure clauses, and confidentiality protections, establishing a thorough legal and operational foundation for the contract’s fulfillment.