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PROPOSED CONTRACT
Department(s): Office of the Comptroller
Vendor: PNC Bank National Association, Pittsburg, Pennsylvania
Request: Authorization for the Chief Procurement Officer to enter into and execute
Good(s) or Service(s): Commercial Banking and Cash Management Services
Contract Value: Revenue Generating
Contract period: 8/3/2026 - 8/2/2028, with two (2), one-year renewal options
Contract Utilization: The contract-specific goal set on this contract was zero.
Potential Fiscal Year Budget Impact: None Revenue Generating
Accounts: 11000.1020.10155.520830.00000.00000
Contract Number(s): 2526-07230
Summary: PNC provides an ActivePay platform for the County entitled ePayables. The service is an electronic payment service utilizing a virtual credit card to pay for goods and services after a vendor invoice has been received. It enhances Accounts Payable's payment capabilities and offers a swifter payment method for vendors that also generates cost-savings/rebate incentives for the County annually.
This is a Comparable Government Procurement pursuant to Section 34-140 of the Cook County Procurement Code. PNC Bank National Association was previously awarded a contract from a competitive Request for Proposals (RFP) process through the Board of Education of the City of Chicago (CPS). Cook County wishes to leverage this procurement effort.
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