Title
Resolution authorizing the Purchasing Agent to negotiate a contract with PNC Financial Services Group, Oak Brook, Illinois for Procurement Card Services for Lake County for a two (2) year period plus renewals in the estimated annual amount of $4,300,000.
Staff Summary
· The P-Card Program was established to increase efficiency and streamline countywide small-dollar (under $5,000) purchases of supplies and repair parts. The paperwork and processing by department and finance staff has been sharply reduced through the elimination of thousands of department requests for emergency check vouchers, petty cash replenishment, and single vender credit applications.
· Proposals were called for by publication for Procurement Card Services for Lake County.
· Requests for proposals were extended to eighteen (18) vendors, sealed proposals were received from nine (9) vendors, and the selection review Committee held interviews with the top four (4) ranked firms.
· Based on the criteria set forth in the Request for Proposals; the Evaluation Committee selected PNC Financial Services Group as the most favorable proposal for Lake County.
· This contract will cost the County an estimated annual amount of $4,300,000 per year for a two (2) year period with three (3) one year renewals. Charging the costs to various Lake County accounts.
Body
WHEREAS, in accordance with Section 5-102 of the Lake County Purchasing Ordinance, proposal were called for by publication for Procurement Card Services for Lake County; and
WHEREAS, subsequent to said publication, requests for proposals were extended to eighteen (18) vendors; and
WHEREAS, sealed proposals were received from nine (9) vendors and opened in the County Building, Waukegan, Illinois, on March 10, 2010 at 2:00 p.m.; and
WHEREAS, an evaluation committee held interviews with the top four (4) ranked firms; and
WHEREAS, based on the criteria set forth in the Request for Proposals, the Evaluation Committee selected PN...
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