Illinois Best Consumer Price Act ensures State purchases get the best pricing from manufacturers and suppliers.
The Illinois Best Consumer Price Act mandates that public institutions of higher education and State agencies require the best customer pricing for goods they procure. Suppliers and resellers must attest that the price is the best customer price. If a public institution or State agency requires best customer pricing but finds the price uncompetitive, they may decline to award the bid. This Act aims to create a level playing field for all suppliers and disproportionately benefit minority-owned, women-owned, and veteran-owned businesses.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.