Reference Number: 22040089
Request ID:17-103289
Date First Offered03/30/2017
Title:PayDay/CILA Loan Database

Agency Reference Number:18 DFI 98994
Agency:FPR - Department of Financial and Professional Regulation
Purchasing Agency:FPR - Department of Financial and Professional Regulation
Purchasing Agency SPO:Nanzi Cantero

Status: Closed


Description and Specifications:
It is the intent of the Department of Financial and Professional Regulation to award a contract for the Payday/CILA Loan Database. The pricing offered by the vendor was found to be fair and reasonable. Accordingly, the IDFPR recommends Veritec Solutions, LLC, as the vendor.

The contract term for the vendor will begin on July 1, 2017.

The solicitation claimed a 20% BEP goal if a database was needed to be built. Ramaker and Associates, LLC, is the incumbent vendor and does not need to build a database, therefore a BEP goal is not required.

Key Information

Notice Type:Contract Award Notice

Notice Expiration Date:06/21/2017

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

Does this solicitation contain a BEP or DBE requirement?:Yes

Does this solicitation contain a Veteran requirement?:No

Relevant Category:IT

Total Amount of Award:$0.00 (Total Dollar Value Only/Includes Any Renewal Options)
Estimated/Actual Value Description:This is a no cost contract to the State. The Vendor will be paid per transaction by the licensees. The Vendor may be paid approximately $1,150,000.00
Length of Initial Term:36
Contract Begin Date:07/01/2017
Contract End Date:06/30/2020
Renewal Terms:6


Number of Responding Bidders:2
Number of Unsuccessful Bidders:1
Total Number Awarded:1

Listing of All Bidders/Offerors Considered But Not Selected:
Alert IT Solutions, Inc.
Source Selection:RFP

Vendor(s) Selected for Award
Vendor NameAmount of Award BEP Goal % DBE Goal %
Veritec Solutions, LLC$0.000%0%

Notice Contact
Name: Tara Byrne
Street Address:100 W Randolph -9th Floor
Zip Code:60601
Phone: 312-814-5151
Fax Number:312-814-2238

Class Code

Class Codes:


NIGP Commodity/Service Code:209 12 Application Software; Mainframe Computer (Incl; Cobol)
209 38 Database Software
209 46 Expert System Software


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