HB5146

Illinois HB5146 amends the Illinois Procurement Code to allow for market basket analysis in awarding supply contracts and introduces alternative.

Illinois HB5146 amends the Illinois Procurement Code to allow for the use of market basket analysis in awarding supply contracts. This analysis evaluates the lowest price a vendor can offer for a representative sample of supplies, which must make up at least 75% of the contract's total estimated cost. Contracts awarded using this method must include an option to add goods during the contract term. The bill also allows the Director of the Illinois Power Agency to create alternative bidding procedures for procuring professional services and renewable energy resources.