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File #: 16-2040    Version: 1 Name: Applied Real Estate Analysis, Inc., Chicago, Illinois Contract 13-88-033 req to extend AREA
Type: Contract Amendment Status: Approved
File created: 3/3/2016 In control: Board of Commissioners
On agenda: 4/13/2016 Final action: 4/13/2016
Title: PROPOSED CONTRACT AMENDMENT Department(s): Department of Real Estate Management Vendor: Applied Real Estate Analysis, Inc., Chicago, Illinois Request: Authorization for the Chief Procurement Officer to renew contract Good(s) or Service(s): Real Estate Appraisal Services Original Contract Period: 2/20/2013 - 1/31/2015, with three (3), one (1) year renewal options Proposed Contract Period Extension: 2/1/2016 - 1/31/2017 Total Current Contract Amount Authority: $50,000.00 Original Approval (Board or Procurement): $50,000.00 Previous Board Increase(s) or Extension(s): N/A Previous Chief Procurement Officer Increase(s) or Extension(s): 3/27/2015, 2/1/2015 - 1/31/2016 This Increase Requested: N/A Potential Fiscal Impact: None Accounts: 031-260 Contract Number(s): 13-88-033 Concurrences: The vendor has met the Minority and Women Owned Business Enterprise Ordinance. The Chief Procurement Officer concurs. Summary: This s...
Indexes: JESSICA CAFFREY, Director, Real Estate Management Division

title

PROPOSED CONTRACT AMENDMENT

 

Department(s):  Department of Real Estate Management

 

Vendor:  Applied Real Estate Analysis, Inc., Chicago, Illinois 

 

Request:  Authorization for the Chief Procurement Officer to renew contract 

 

Good(s) or Service(s):  Real Estate Appraisal Services

 

Original Contract Period:  2/20/2013 - 1/31/2015, with three (3), one (1) year renewal options

 

Proposed Contract Period Extension:  2/1/2016 - 1/31/2017

 

Total Current Contract Amount Authority:  $50,000.00

 

Original Approval (Board or Procurement):  $50,000.00

 

Previous Board Increase(s) or Extension(s):  N/A

 

Previous Chief Procurement Officer Increase(s) or Extension(s):  3/27/2015, 2/1/2015 - 1/31/2016

 

This Increase Requested:  N/A

 

Potential Fiscal Impact:  None

 

Accounts:  031-260

 

Contract Number(s):  13-88-033

 

Concurrences:

The vendor has met the Minority and Women Owned Business Enterprise Ordinance.

 

The Chief Procurement Officer concurs.

 

Summary:  This second of three (3), one (1) year renewal options will allow Applied Real Estate Analysis, Inc. to continue to provide real estate appraisal services, on an as-needed basis, for projects undertaken by the Cook County Real Estate Division which require qualified and licensed real estate appraisal professionals.  The Department of Real Estate Management provides oversight of appraisal services provided by Applied Real Estate Analysis, Inc. 

 

This is a Comparable Government Procurement pursuant to Section 34-140 of the Cook County Procurement Code.  Applied Real Estate Analysis, Inc. was previously awarded a contract by the City of Chicago through a Request for Qualifications (RFQ) process.

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