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PROPOSED CONTRACT
Department(s): Cook County Treasurer
Vendor: Realauction.com LLC, Plantation, Florida
Request: Authorization for the Chief Procurement Officer to enter into and execute
Good(s) or Service(s): Online Auction Services for Delinquent Property Tax Liens
Contract Value: $840,000.00
Contract period: 8/1/2024 - 7/31/2027 with two (2) one-year renewal options
Potential Fiscal Year Budget Impact: FY 2024 $93,333.33, FY 2025 $280,000.00, FY 2026 $280,000.00, FY 2027 $186,666.67
Accounts: 11854.1060.10155.520830
Contract Number(s): 2410-01091
Concurrences:
The Contract Specific goal set on this contract is Zero.
The Chief Procurement Officer concurs.
Summary: Cook County Treasurer’s Office (“CCTO”) seeks authority for the Chief Procurement Officer to enter into a contract with Realauction.com, LLC. CCTO is required to hold annual auction(s) of delinquent tax liens. Realauction.com will design, build, and maintain an on-line auction service for delinquent tax liens in accordance with Illinois law, Cook County statutory directives, and County rules and procedures.
This contract was awarded through Request for Proposals (RFP) procedures in accordance with the Cook County Procurement Code. Realauction.com was selected based on established evaluation criteria.
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