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 Procureme...
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