State agencies and public institutions of higher education shall:
         (a) review all existing contracts prior to the time
    
of renewal to determine if the contract goal is being met by the prime vendor;
        (b) review all existing contracts prior to the time
    
of renewal to determine if the contract goal should be increased based upon market conditions and availability of firms certified pursuant to this Act;
        (c) review existing contracts with no contract goal
    
to determine if a goal can be established; if it is determined that a contract goal can be established, the State agency or public institution of higher education shall encourage the prime vendor to amend the contract to include the contract goal; a prime contractor shall be required to complete a utilization plan to demonstrate how it intends to meet the contract goal; and
        (d) review renewals at least 6 months prior to
    
renewal to allow adequate time to rebid if it is determined that the prime contractor has not demonstrated good faith efforts towards meeting the contract goal.
    All renewals shall be subject to any amendments made to this Act, or amendments made to any administrative rules adopted under this Act, that become effective prior to the date of renewal.
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Terms Used In Illinois Compiled Statutes 30 ILCS 575/8i

  • Contract: A legal written agreement that becomes binding when signed.
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14

     The requirements of this Section shall not apply to construction and construction-related services procurements.
     This Section is operative on and after January 1, 2018.
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