Illinois HB1579 amends procurement laws to include reverse auction bidding and establishes a bid credit program for small and medium-sized.
HB1579 amends the Illinois Procurement Code to allow the use of reverse auction bidding for state contracts, where the chief procurement officer determines it is in the best interest of the state. It also mandates that the Department of Commerce and Economic Opportunity create a bid credit program for small and medium-sized manufacturers, providing economic incentives through bid credits. These credits are earned based on business size and previous relationships with the state, aiming to increase the chances of being selected for state contracts.
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- Legal Framework
- Critical Issues
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