File #: 25-1431    Version: 1 Name: CoStar Realty Information
Type: Contract Amendment Status: Approved
File created: 2/10/2025 In control: Board of Commissioners
On agenda: 3/13/2025 Final action: 3/13/2025
Title: PROPOSED CONTRACT AMENDMENT Department(s): Cook County Assessor's Office, Cook County Board of Review, Cook County Department of Revenue Vendor: CoStar Realty Information, Inc., Washington, D.C. Request: Authorization for the Chief Procurement Officer to increase contract Good(s) or Service(s): Real Estate Information Database Subscription Original Contract Period: 1/1/2022 - 12/31/2024, with two, one-year renewal options Proposed Amendment Type: Increase Proposed Contract Period: N/A Total Current Contract Amount Authority: $1,046,160.00 Original Approval (Board or Procurement): Board, 3/17/2022, $916,560.00 Increase Requested: $591,264.00 Previous Board Increase(s): N/A Previous Chief Procurement Officer Increase(s): 8/21/2024, $129,600.00 Previous Board Renewals: N/A Previous Chief Procurement Officer Renewals: 2/18/2025, 1/1/2025-12/31/2025 Previous Board Extension(s): N/A Previous Chief Procurement Officer Extension(s): N/A Contr...
Indexes: FRITZ KAEGI, Cook County Assessor

title

PROPOSED CONTRACT AMENDMENT

 

Department(s):  Cook County Assessor’s Office, Cook County Board of Review, Cook County Department of Revenue   

 

Vendor:  CoStar Realty Information, Inc., Washington, D.C.  

 

Request: Authorization for the Chief Procurement Officer to increase contract 

 

Good(s) or Service(s):  Real Estate Information Database Subscription 

 

Original Contract Period: 1/1/2022 - 12/31/2024, with two, one-year renewal options

 

Proposed Amendment Type: Increase

 

Proposed Contract Period:  N/A 

 

Total Current Contract Amount Authority:  $1,046,160.00

 

Original Approval (Board or Procurement):  Board, 3/17/2022, $916,560.00

 

Increase Requested:  $591,264.00

 

Previous Board Increase(s):  N/A

 

Previous Chief Procurement Officer Increase(s): 8/21/2024, $129,600.00

 

Previous Board Renewals:  N/A

 

Previous Chief Procurement Officer Renewals:  2/18/2025, 1/1/2025-12/31/2025

 

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:  FY2025

Cook County Assessor’s Office ($316,022.40)

Cook County Board of Review ($256,852.80)

Cook County Department of Revenue ($18,388.80) 

 

Accounts:

Cook County Assessor’s Office

11000.1040.10155.520830.00000.00000

 

Cook County Board of Review

11000.1050.10155.520830.00000.00000

 

Cook County Department of Revenue

11000.1007.35085.540130.00000.00000

 

Contract Number(s):  2145-08191 

 

Summary:  This increase will allow the Cook County Assessor’s Office, Cook County Board of Review, and Cook County Department of Revenue to continue to have access to CoStar’s Real Estate Subscription which includes detailed information for Residential and Industrial/Commercial properties including sales, transaction, property lease and historical information, property characteristics, analytics, tenant tracking and listing of properties currently “for sale”.

 

This is a Sole Source Procurement pursuant to Section 34-139 of the Cook County Procurement Code. 

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