Office of the Illinois State Treasurer
Data Analytics RFP Questions and Answers
Question or Clarification Request
What, if any, data is the Treasurer’s Office able to provide, and to what level of
granularity (ie. individual, regional, or segmented levels)?
The Treasurer is able to provide account level data for all users of the
College Savings program—up to the zip code level—as well as data on the
beneficiaries, including but not limited to account size, return on
investment, amount of transactions, age of beneficiary, and the location of
user.
The Treasurer’s Office also can provide some limited information on
demographics, income-level, and who made the user first aware of the
program. This group of data is self-selected by user.
Both Secure Choice and ABLE programs have yet to begin, and therefore
the Treasurer’s Office does not have any data directly related to either
program—other than data that is accessible to the office through inter-
office agreements.
Is there an estimated budget for data acquisition, including conducting surveys? Is
there an estimated budget range for the entire RFP?
We expect that all budget and necessary data acquisition costs be built in to
the final cost proposal by the bidding firm, and that these costs can be
negotiable given the scope of the project.
Who is the audience for the end-product delivered to the Treasurer’s Office? An
internal analytics team, the policy team, or an outreach/engagement team?
The audience for the end-product is an internal policy team that has
experience and comfort with data analytics.
What is the review process at the end of the six-month term?
The Treasurer’s office anticipates a collaborative relationship with the
vendor throughout the term of the agreement. The contract will permit the
Treasurer’s office to conduct periodic reviews. The Treasurer’s staff will
assess the vendor’s work product – either formally or informally – before
the initial contract term expires to define future projects.
