TRANSMITTAL LETTER FOR BOARD MEETING OF AUGUST 8, 2024
COMMITTEE ON PROCUREMENT
Mr. Brian A. Perkovich, Executive Director
Title
Authority to increase purchase order with CohnReznick, LLP, Contract 21-RFP-23, Professional Real Estate Appraisal Services for a three-year period, in an amount of $40,102.50, from an amount of $109,897.50, to an amount not to exceed $150,000.00, Account 101-30000-612430, Purchase Order 3116890
Body
Dear Sir:
On November 18, 2021, the Board of Commissioners authorized the Director of Procurement and Materials Management to issue purchase order and enter into an agreement with CohnReznick, LLP in an amount not to exceed $150,000.00 for Professional Real Estate Appraisal Services for a three-year period. The contract expires on December 31, 2024.
This contract has no prior change orders.
Original Contract Amount $150,000.00
Date of Board Approval 11/18/2021
Cumulative Change Order (07/25/2024) ($40,102.50)
% Change of Original Contract Value (36.49%)
Current Contract Value $109,897.50
Requested Increase $40,102.50
New Contract Value $150,000.00
% Change of Current Contract Value 36.49%
Total % Change of Original Contract Value 0.00%
The reason for this change order is that the District requires additional appraisal services from CohnReznick in the third year of this contract, including the proposed Chicago Transit Authority’s Red Line Extension Project and ongoing eminent domain matters.
This change order is in compliance with the Illinois Criminal Code since the change is due to circumstances not reasonably foreseeable at the time the contract was signed and is in the best interest of the District.
It is hereby recommended that the Board of Commissioners authorize the Director of Procurement and Materials Management to execute a change order to increase the purchase order and amend the agreement for Contract 21-RFP-23 in an amount of $40,102.50 (36.49% of the current contract value), from an amount of $109,897.50, to an amount not exceed $150,000.00.
Funds are available in Account 101-30000-612430.
Requested, Susan T. Morakalis, General Counsel, STM:BJD:mmv
Recommended, Darlene A. LoCascio, Director of Procurement and Materials Management
Respectfully Submitted, Marcelino Garcia, Chairman, Committee on Procurement
Disposition of this agenda item will be documented in the official Regular Board Meeting Minutes of the Board of Commissioners for August 8, 2024
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