Reference Number: 22041586
Request ID:
Date First Offered11/24/2010
Title:Emergency Extension-Electronic Commerce Payment Services IOC

Agency Reference Number:18-003
Agency:SCO - Comptrollers Office
Purchasing Agency:SCO - Comptrollers Office
Purchasing Agency SPO:Patricia Allen; Jake Ballard

Status: Closed


Description and Specifications:
The IOC and Treasurer's Office are finalizing terms with the winning vendor of a recently published RFP. An initial emergency notice and extension was filed in March to ensure critical services would not be interrupted during the procurement process. Due to unforeseen circumstances, negotiations with the winning vendor have taken longer than could have reasonably been expected. Which brings cause for an emergency procurement to be entered into. This procurement should provide sufficient time for all parties to agree to terms on the new contract. Estimated cost of services during extension is $50,000. Actual cost will be updated when finalized.

Key Information

Notice Type:Emergency Procurement

Notice Expiration Date:11/21/2017
Emergency Justification:In an effort to prevent critical services from being disrupted, IOC is extending the current vendor contract 90 days while contract negotiations finish on a competitively bid procurement.
Accordance with Admin Rule:Minimize serious disruption to critical state services that affect health, safety, or collection of substantial state revenues

Professional & Artistic:No
Small Business Set-Aside:No

Does this solicitation contain a BEP or DBE requirement?:No

Does this solicitation contain a Veteran requirement?:No

Relevant Category:General Services

Total Amount of Award:$630,000.00 (Total Dollar Value Only/Includes Any Renewal Options)
Estimated/Actual Value Description:Award amount includes transaction volume assumptions based on estimated growth in participants estimated over a 60 month period.
Length of Initial Term:60
Contract Begin Date:04/01/2011
Contract End Date:03/31/2016
Renewal Terms:1


Number of Responding Bidders:4
Number of Unsuccessful Bidders:3
Total Number Awarded:1

Listing of All Bidders/Offerors Considered But Not Selected:
Wells Fargo
Charter One
Source Selection:RFP

Vendor(s) Selected for Award
Vendor NameAmount of Award BEP Goal % DBE Goal %
JP Morgan Chase Bank$630,000.000%0%

Notice Contact
Name: Eugene Oliver
Street Address:325 W. Adams
Zip Code:62704
Phone: 217-558-3356
Fax Number:217-558-3356

Class Code

Class Codes:


NIGP Commodity/Service Code:946 00 FINANCIAL SERVICES - All


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