title
PROPOSED CONTRACT
Department(s): Cook County Assessor’s Office, Cook County Board of Review, and Cook County Department of Revenue
Vendor: CoStar Realty Information, Inc., Washington, D.C.
Request: Authorization for the Chief Procurement Officer to enter into and execute
Good(s) or Service(s): Real Estate Information Database Subscription
Contract Value: $916,560.00
Contract period: 1/1/2022 - 12/31/2024, with two (2) one-year renewal options.
Potential Fiscal Year Budget Impact:
Cook County Assessor’s Office ($386,856.00)
FY2022 $128,952.00; FY2023 $128,952.00; FY2024 $128,952.00
Cook County Board of Review ($483,732.00)
FY2022 $122,844.00; FY2023 $166,044.00; FY2024 $194,844.00
Cook County Department of Revenue ($45,972.00)
FY2022 $15,324.00; FY2023 $15,324.00; FY2024 $15,324.00
Accounts:
Cook County Assessor’s Office
11000.1040.10155.520830.00000.00000
Cook County Board of Review
11000.1050.35010.530640.00000.00000
Cook County Department of Revenue
11000.1007.35085.540130.00000.00000
Contract Number(s): 2145-08191
Concurrences:
The contract-specific goal set on this contract was zero.
The Chief Procurement Officer concurs.
Summary: This contract will satisfy each department’s need to access CoStar’s Real Estate Subscription which includes detailed information and Residential and Industrial/Commercial properties including sales, transaction, property lease and historical information, property characteristics, analytics, tenant tracking and listing of properties currently “for sale”.
This contract is a Sole Source Procurement pursuant to Section 34-139 of the Cook County Procurement Code.
end