title
PROPOSED CONTRACT AMENDMENT
Department(s): Cook County Assessor’s Office
Vendor: Trepp, Inc., New York, New York
Request: Authorization for the Chief Procurement Officer to renew and increase contract
Good(s) or Service(s): Online Data Subscription Services to Property Data Files
Original Contract Period: 10/15/2023 - 10/14/2026, with a one (1), two (2) year renewal option
Proposed Amendment Type: Renewal and Increase
Proposed Contract Period: Renewal period 10/15/2026 - 10/14/2028
Total Current Contract Amount Authority: $270,300.00
Original Approval (Board or Procurement): Board, 9/21/2023, $270,300.00
Increase Requested: $204,057.00
Previous Board Increase(s): N/A
Previous Chief Procurement Officer Increase(s): N/A
Previous Board Renewals: N/A
Previous Chief Procurement Officer Renewals: N/A
Previous Board Extension(s): N/A
Previous Chief Procurement Officer Extension(s): N/A
Contract Utilization: The contract-specific goal set on this contract was zero.
Potential Fiscal Impact: FY2026 $99,540.00; FY2027 $104,517.00
Accounts: 11000.1040.10155.520830
Contract Number(s): 2319-05043
Summary: This increase and two (2) year renewal option will allow the Cook County Assessor’s Office to continue to receive Online Data Subscription Services to Property Data Files.
This contract will continue to satisfy the need for access to invaluable data on capital markets, commercial mortgage-backed securities, and commercial real estate. The data provided by Trepp, Inc. is used for modeling property tax assessments. Trepp, Inc. can provide these services because it has unique combination of comps, benchmarks, historical financials and numerous proprietary derived fields such as implied cap rate, spreads and property subtypes, which the Assessor’s Office believes are solely unique to Trepp, Inc. Proprietary information includes Trepp’s comp calculation and their financial metrics vs market median.
This is a Sole Source procurement pursuant to Section 34-139 of the Cook County Procurement Code.
end