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PROPOSED CONTRACT AMENDMENT
Department(s): Cook County Treasurer
Vendor: Interactive Pricing and Reference Data LLC., Bedford Massachusetts
f/k/a/ FT Interactive Data Corporation
Request: Authorization for the Chief Procurement Officer to extend and increase contract
Good(s) or Service(s): Security Pricing Services
Original Contract Period: 6/1/2012 - 5/31/2015
Proposed Contract Period Extension: 6/1/2015 - 5/31/2016
Total Current Contract Amount Authority: $35,567.67
Original Approval (Board or Procurement): 7/24/2012, $22,241.78
Previous Board Increase(s) or Extension(s): N/A
Previous Chief Procurement Officer Increase(s) or Extension(s): 10/15/14, $13,325.89
This Increase Requested: $20,943.12
Potential Fiscal Impact: FY 2015 $20,943.12
Accounts: 534-260
Contract Number(s): 12-90-195
Concurrences:
The vendor has met the Minority and Women Owned Business Enterprises Ordinance.
The Chief Procurement Officer concurs.
Summary: Illinois State Statutes and Cook County Ordinances require County bank deposits to be collateralized with permissible financial securities at 102% of the value of the bank deposit. The Treasurer’s Office uses the services of FT Interactive to price financial securities held in the County’s name by our third-party custodian to ensure that the value of those collateral securities are at least 102% of the value of our bank deposits. This is a Sole Source Procurement pursuant to Section 34-139 of the Cook County Procurement Code.
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