Purchasing Type: Change Order (CO)
Public Hearing: YES ☐ NO ☒ Department: Purchasing & Contracting
AGENDA ITEM:
Title
Commission District(s): ALL
CO - Change Order No. 1 to Contract 13-902703 for Banking and Financial Services for DeKalb County (Multiyear): for use by the Department of Finance. The contract consists of providing all banking and financial services and earnings on cash accounts. Awarded to Wells Fargo Bank, National Association, Inc. Amount Not To Exceed: $450,000.00
Body
Information Contact: Talisa Clark, CPPO
Phone Number: (404) 687-2797
PURPOSE:
Awarded by the BOC on June 25, 2013 for an amount not to exceed $1,000,000.00. This request is to extend the contract term for one (1) year to allow continuous revenue management during the implementation of the new UCO billing system. The contractor has agreed to hold the current pricing and increase the Earnings Credit Revenue (ECR) to the County. This request is to add funding and extend the contract term to December 31, 2019.
RECOMMENDATION:
Recommended Action
Recommend approval of Change Order No 1 with:
Wells Fargo Bank, National Association, Inc., 360 Interstate Parkway, SW, 5th Floor, Atlanta, GA 30339
Amount Not To Exceed: $450,000.00
and authorize the Chief Executive Officer to execute the change order and all associated documents.
ADDITIONAL INFORMATION:
1. Contract Effective Date: September 12, 2013
2. Contract Expiration Date: December 31, 2018
3. Amount Spent To Date: $1,000,000.00
4. Funding: General - Operating (Finance)