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PROPOSED CONTRACT AMENDMENT
Department(s): Treasurer
Vendor: G Treasury SS, LLC. Buffalo Grove, Illinois
Request: Authorization for the Chief Procurement Officer to extend and increase contract
Good(s) or Service(s): One Enterprise Treasury Platform
Original Contract Period: 9/1/2015 - 8/31/2018, with one (1) one-year renewal option
Proposed Amendment Type: Extension and Increase
Proposed Contract Period: Extension period, 9/1/2019 - 8/31/2020
Total Current Contract Amount Authority: $125,339.52
Original Approval (Board or Procurement): 11/23/2015, $92,025.84
Increase Requested: $33,313.68
Previous Board Increase(s): N/A
Previous Chief Procurement Officer Increase(s): 12/11/2018, $33,313.68
Previous Board Renewals: N/A
Previous Chief Procurement Officer Renewals: 12/11/2018, 9/1/2018-8/31/2019
Previous Board Extension(s): N/A
Previous Chief Procurement Officer Extentiosn(s): N/A
Potential Fiscal Impact: FY 2019 $8,328.42, FY 2020 $24,985.26
Accounts: 11854.1060.10155.540137
Contract Number(s): 1514-14742
Concurrences:
The contract-specific goal set on this contract was zero.
The Chief Procurement Officer concurs.
Summary: G-Treasury is the online software that the Treasurer’s Office uses to manage the balances and day to day transactions of the various depository bank accounts held by Treasurer’s Office. The contract extension will provide for both the use of the online platform as well as access to future updates and/or maintenance.
This is a Sole Source Procurement pursuant to Section 34-139 of the Cook County Procurement Code.
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