Illinois HB4608 amends procurement rules to allow mid-size businesses to bid on construction contracts.
Illinois HB4608 amends the Illinois Procurement Code to establish criteria for mid-size businesses to qualify for set-asides on construction-related contracts. The Illinois State Toll Highway Authority can award up to 4 contracts per year and up to 10 total contracts. A mid-size business is defined as one with annual sales and receipts between $14,000,000 and $45,000,000. The provisions are set to be repealed on July 1, 2031.
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