Explanation
BACKGROUND:
On August 13, 2021 the Columbus City Treasurer's Office issued a request for proposal, RFQ019553. Four hundred eight vendors were solicited; one vendor - Crowe LLP responded. The evaluation committee which was comprised of representatives from the Department of Finance and Management, the City Auditor’s Office and the City Treasurer’s Office agreed that the only bidder, Crowe LLP be recommended to the Depository Commission and Treasury Investment Board as its choice to enter into negotiations and if successful, to enter into contract. On December 6, 2021, Columbus City Council authorized the Treasurer to enter into contract with Crowe LLP by passage of ordinance 3057-2021.
Crowe LLP has helped the City navigate its banking RFP process from its development through scoring to the City’s recommendation for new banking partners.
In anticipation of the implementation of new banking contracts, the Treasurer’s Office turned for needed project management assistance with the transition to Crowe LLP, as the consultant best-positioned to leverage its knowledge to do this work.
Columbus City Council passed ordinance 1725-2023 on July 10, 2023 authorizing the City Treasurer to modify its contract with Crowe LLP and to add $75,000.00 for project management expertise and to extend the term of the contract from July 31, 2023 through March 31, 2024, bringing the total contract amount to $318,500.00.
The transition between banking partners for merchant processing is a lengthy process and while progressing, is taking longer than anticipated. The City Treasurer now wishes to extend its contract with Crowe LLP through November 30, 2024 so that Crow may continue its support.
Emergency action is requested to permit Crowe LLP to continue to provide project management services during the City’s transition in banking partners.
FISCAL IMPACT: No funds are associated with the extension of the term of this agreement.
Contract Compliance: Crowe LLP, 350921680 ...
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