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PROPOSED CONTRACT AMENDMENT
Department(s): Bureau of Finance, Office of the Comptroller
Vendor: PNC Bank, National Association, Pittsburgh, Pennsylvania
Request: Authorization for the Chief Procurement Officer to extend contract
Good(s) or Service(s): Electronic Payment Card Services
Original Contract Period: 8/1/2014 - 7/31/2017, with two (2) one (1) year renewal options
Proposed Contract Period Extension: 8/1/2019 - 1/31/2020
Total Current Contract Amount Authority: $0.00
Original Approval (Board or Procurement): 7/23/2014, $0
Previous Board Increase(s) or Extension(s): 7/19/2017, $0; 7/25/2018, $0
Previous Chief Procurement Officer Increase(s) or Extension(s): N/A
This Increase Requested: N/A
Potential Fiscal Impact: Revenue Generating
Accounts: N/A
Contract Number(s): 1488-13855
Concurrences:
The vendor has met the Minority-and Women-Owned Business Enterprise Ordinance via full MWBE waiver.
The Chief Procurement Officer concurs.
Summary: This six (6) month extension will allow the County Comptroller to continue to use PNC Bank’s Active Pay Program for electronic payment card services while a new contract is put in place. Revenues generated as a result of this contract in FY18 were $369,000 and FY19 revenues are projected to stay at the same level.
This was previously awarded as a Comparable Government Procurement pursuant to Section 34-140 of the Cook County Procurement Code. PNC Bank was previously awarded a contract by the Chicago Board of Education through a Request for Proposals (RFP) process.
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