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.
Now, in anticipation of the implementation of new banking contracts, the Treasurer’s Office will need project management assistance with the transition. As the consultant which helped the City through its banking RFP process, Crowe LLP is best-positioned to leverage its knowledge to do this work.
The City Treasurer wishes to modify its contract with Crowe LLP and to add $75,000 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.
FISCAL IMPACT:
Funds for these expenditures are available within the City Treasurer’s Office 2023 budget appropriations.
Contract Compliance: Crowe LLP, 350921680 expiration May 27, 2024
Title
To authorize the City Treasurer to modify its contract with Crowe LLP for consulting services; and to authorize the expenditure of up to $75,000.00 from the general fund. ($75,000.00)
Body
WHEREAS, the City Treasurer, representing the evaluation committee formed to evaluate responses for a banking RFP consultant, recommended Crowe LLP as its choice for development of a banking...
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