title
PROPOSED CONTRACT
Department(s): County Clerk
Vendor: Institute of Compliance & Learning, Inc., Chicago, Illinois
Request: Authorization for the Chief Procurement Officer to enter into and execute
Good(s) or Service(s): Financial Review, Risk Assessment and Schematics Development Services
Contract Value: $288,000.00
Contract period: 3/1/2020 - 2/28/2021, with one (1), one (1) year renewal option
Potential Fiscal Year Budget Impact: FY 2020 $216,000.00, FY 2021 $72,000.00
Accounts: 11316-1110-10155-520830 Professional Services
Contract Number(s): 2005-18167
Concurrences:
The contract-specific goal set on this contract was zero.
The Chief Procurement Officer concurs.
Summary: The purpose of this contract is for the vendor to conduct an in-depth finance review to evaluate the design and the operating effectiveness of finance, accounting and budget operations. In addition, the vendor will complete a financial and operational risk assessment for the various County Clerk operating divisions and develop financial schematics including, but not limited to, banking services and recommendations for a consolidated budget and financial reporting for the assumption of duties of the Recorder of Deeds Office.
This is a Sole Source Procurement pursuant to Section 34-139 of the Cook County Procurement Code.
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