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PROPOSED CONTRACT AMENDMENT
Department(s): Cook County Treasurer
Vendor: Realauction.com, LLC, Plantation, Florida
Request: Authorization for the Chief Procurement Officer to renew and increase contract
Good(s) or Service(s): On-Line Auction Services
Original Contract Period: 4/1/2013 - 3/31/2016, with two (2) one (1)-year renewal options
Proposed Contract Period Extension: 4/1/2017 - 3/31/2018
Total Current Contract Amount Authority: $911,000.00
Original Approval (Board or Procurement): 3/20/2013, $680,000.00
Previous Board Increase(s) or Extension(s): 5/11/2016, $231,000.00, 4/1/2016 - 3/31/2017
Previous Chief Procurement Officer Increase(s) or Extension(s): N/A
This Increase Requested: $462,000.00
Potential Fiscal Impact: FY 2017 $462,000.00
Accounts: 534-260 Professional Services
Contract Number(s): 12-18-416
Concurrences:
The vendor has met the Minority- and Women-owned Business Enterprise Ordinance via full M/WBE waiver.
The Chief Procurement Officer concurs.
Summary: The Cook County Treasurer’s Office (CCTO) is required to hold annual auction(s) of delinquent tax liens. This second of two (2), one-year renewal options will allow CCTO to continue to receive online auction services. This contract was awarded through Request for Proposals (RFP) procedures in accordance with Cook County Procurement Code. RealAuction.com was selected based on established evaluation criteria.
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