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PROPOSED CONTRACT AMENDMENT
Department(s): Department of Real Estate Management
Vendor: Applied Real Estate Analysis, Inc., Chicago, Illinois
Request: Authorization for the Chief Procurement Officer to renew contract
Good(s) or Service(s): Real Estate Appraisal Services
Original Contract Period: 2/20/2013 - 1/31/2015, with three (3), one (1) year renewal options
Proposed Contract Period Extension: 2/1/2016 - 1/31/2017
Total Current Contract Amount Authority: $50,000.00
Original Approval (Board or Procurement): $50,000.00
Previous Board Increase(s) or Extension(s): N/A
Previous Chief Procurement Officer Increase(s) or Extension(s): 3/27/2015, 2/1/2015 - 1/31/2016
This Increase Requested: N/A
Potential Fiscal Impact: None
Accounts: 031-260
Contract Number(s): 13-88-033
Concurrences:
The vendor has met the Minority and Women Owned Business Enterprise Ordinance.
The Chief Procurement Officer concurs.
Summary: This second of three (3), one (1) year renewal options will allow Applied Real Estate Analysis, Inc. to continue to provide real estate appraisal services, on an as-needed basis, for projects undertaken by the Cook County Real Estate Division which require qualified and licensed real estate appraisal professionals. The Department of Real Estate Management provides oversight of appraisal services provided by Applied Real Estate Analysis, Inc.
This is a Comparable Government Procurement pursuant to Section 34-140 of the Cook County Procurement Code. Applied Real Estate Analysis, Inc. was previously awarded a contract by the City of Chicago through a Request for Qualifications (RFQ) process.
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