Emergency Final Cost- DES-Benefit Banking-JPMC

This contract documents an emergency procurement by the Illinois Department of Employment Security for banking‑related services supplied by JP Morgan Chase. The notice reports a final cost of $139,491.39 for “supplies and services” covering a Benefit Payment Component for unemployment insurance claims and a Lockbox Component for lockbox operations. The procurement was executed under the emergency‑final‑cost authority (30 ILCS 500/20‑30(b)) and does not include a detailed statement of work, performance metrics, or timelines. • Agency: Illinois Department of Employment Security (procurement division) • Vendor: JP Morgan Chase (single‑source) • Value: $139,491.39 (final‑cost) • Scope: Banking services – benefit payments and lockbox administration for unemployment insurance • Procurement type: Emergency sole‑source, no competitive bidding, no set‑aside designation.