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PROPOSED CONTRACT AMENDMENT
Department(s): Office of the County Comptroller
Vendor: PNC Bank, National Association, Pittsburgh, Pennsylvania
Request: Authorization for the Chief Procurement Officer to renew 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: 8/1/2017 - 7/31/2018
Total Current Contract Amount Authority: $0.00
Original Approval (Board or Procurement): 7/23/2014, $0.00
Previous Board Increase(s) or Extension(s): N/A
Previous Chief Procurement Officer Increase(s) or Extension(s): N/A
This Increase Requested: N/A
Potential Fiscal Impact: $0.00 (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 MBE/WBE waiver.
The Chief Procurement Officer concurs.
Summary: This first of two (2), one (1) year renewal options will allow the County Comptroller to continue to receive PNC Bank's Active Pay Program ("APP"). The APP allows the County to pay vendors electronically, via virtual credit card, eliminating the costs of printing, mailing, and reconciling checks. The APP is cost effective, flexible, and user friendly with strong security, antifraud and reconciliation features that includes: 1) an incentive rebate program; 2) an ongoing marketing and enablement process to expand the use of the virtual card as a form of payment across Cook County's vendors and 3) 24/7 customer service which includes technical and functional user training and vendor training. The estimated revenue to Cook County is $300,000 for FY 2018.
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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