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PROPOSED CONTRACT AMENDMENT
Department(s): Office of the Chief Financial Officer
Vendor: Professional Auditing Services of America, Co., Southfield, Michigan
Request: Authorization for the Chief Procurement Officer to renew contract
Good(s) or Service(s): Consulting services for account recovery
Original Contract Period: 5/1/2018-4/30/2021 with one (1) year renewal option
Proposed Amendment Type: Renewal
Proposed Contract Period: Renewal period 5/1/2021 - 4/30/2022
Total Current Contract Amount Authority: Contingency fee sliding scale based on dollar amount of monies recovered by vendor for the County
Original Approval (Board or Procurement): Board, 4/25/2018
Increase Requested: N/A
Previous Board Increase(s): N/A
Previous Chief Procurement Officer Increase(s): N/A
Previous Board Renewals: N/A
Previous Chief Procurement Officer Renewals: N/A
Previous Board Extension(s): N/A
Previous Chief Procurement Officer Extension(s): N/A
Potential Fiscal Impact: FY 2021 - $0 as this is a revenue generating contract
Accounts: 11000.1020.12275.407038.00000.00000
Contract Number(s): 1690-15357
Concurrences:
The vendor has met the Minority- and Women-owned Business Enterprise Ordinance via direct participation.
The Chief Procurement Officer concurs.
Summary: This is a one-year contract renewal for consulting services related to recovery of monies owed to the County. The fee for this contract is based on a sliding scale contingency fee which is dependent on amount of monies recovered by vendor for the County. The sliding contingency fee scale for the renewal term ranges from 24-20% contingency fee. This fee arrangement is a decrease from the contingency fee arrangement from the original contract. The sliding scale for the original 3 year contract was 29.5%-25%. Despite the contingency fees associated with this contract, there is no fiscal impact to the County as this is a revenue generating contract.
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