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PROPOSED CONTRACT AMENDMENT
Department(s): 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 for Delinquent Tax Liens
Original Contract Period: 4/1/2013 - 3/31/2016 with two (2) one (1) year renewal options
Proposed Contract Period Extension: 4/1/2016 - 3/31/2017
Total Current Contract Amount Authority: $680,000.00
Original Approval (Board or Procurement): 3/20/2013, $680,000.00
Previous Board Increase(s) or Extension(s): N/A
Previous Chief Procurement Officer Increase(s) or Extension(s): N/A
This Increase Requested: $231,000.00
Potential Fiscal Impact: FY 2016 $231,000.00
Accounts: 534-260
Contract Number(s): 12-18-416
Concurrences:
The vendor has met the Minority and Women Owned Business Enterprise Ordinance.
The Chief Procurement Officer concurs.
Summary: The Cook County Treasurer’s Office (CCTO) is required to hold an annual and a Scavenger (every two years) auction of delinquent tax liens. The contract approved by the Board in 2013 had two (2) one (1) year renewal options. This is request is for the first renewal option the Amendment No. 1.
This contract was awarded through a Request for Proposal (RFP) procedures in accordance with Cook County Procurement Code. Realauction.com, LLC. was awarded based on established evaluation criteria.
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