Types of Requests for Bids/Proposals:
Invitation for Bids (IFB) — This open, competitive bid process is generally required for contracts for goods/services in excess of $10,000. Exceptions to this requirement are listed in the Metropolitan Pier and Exposition Authority Act, 70 ILCS 210/24 and 210/25.1.
Request for Proposals (RFP) — This open competitive proposal process is utilized when contracting for professional services in excess of $10,000 where several evaluation factors identified in the RFP will be used to select a contractor.
Request for Qualifications (RFQ) — This process is utilized to qualify a "pool" of suppliers to provide a service or product. Selection is based on the qualifications enumerated in the RFQ. Suppliers who have been qualified through this process are requested to provide pricing on a project by project basis.
Advertisement of Opportunity
Notices of available opportunities are advertised in the Chicago Sun Times and the Chicago Defender. The advertisement will specify the product or service required, where and when prospective bidders may obtain the solicitation document and the due date and time of proposal/bid submission.
Advertisements are also sent by e-mail to those companies who are listed in the MPEA Vendor Database as providers of the advertised product or service. Firms can register with the MPEA by completing the Vendor Registration Form.