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PROPOSED CONTRACT AMENDMENT
Department(s): Cook County Assessor's Office
Vendor: LexisNexis, a division of Reed Elsevier, Inc., Miamisburg, Ohio
Request: Authority for the Chief Procurement Officer to increase by $1,300,000.00
Good(s) or Service(s): Homestead Fraud Exemption Detection Solution
Contract Period: Thirty-six (36) months with two (2) one-year renewal options (original contract period).
Contract Period Extension: N/A
Current Contract Amount Authority: $1,587,600.00
Board Approved: 3/20/2013 $1,587,600.00
Board Increase(s): N/A
Chief Procurement Officer Increase(s): N/A
This Increase Requested: Not to exceed $1,300,000.00
Potential Fiscal Impact: FY 2013 $0.00, FY 2014 $1,300,000.00
Accounts: 040-260 (if multiple accounts identify in parentheses)
Contract Number(s): 12-23-241
Concurrences:
The Chief Procurement Officer concurs.
Summary: This amendment will provide an automated system solution that will help the Assessor's Office identify individuals that are defrauding the system. The Solution makes it easy to submit batches of data with minimal basic input information. These batches are run against a vast collection of public and proprietary databases; over 585 million unique identities and over 40,000 disparate sources of public records data, giving the County visibility across jurisdictions, for up to 20 years of historic information, with nationwide visibility.
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