HomeMy WebLinkAboutItem 08 - Enterprise Sourcing ServicesMEMOTO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: OCTOBER 20, 2020
SUBJECT: APPROVAL TO RENEW AN ANNUAL CONTRACT FOR ENTERPRISE
SOURCING SERVICES WITH ION WAVE TECHNOLOGIES
RECOMMENDATION: City Council to consider the renewal of an annual contract for enterprise
sourcing services with Ion Wave Technologies, Inc.
FUNDING SOURCE: Funds are available in the General Fund for an amount not to exceed
$22, 000.
BACKGROUND: The Ion Wave enterprise sourcing package automates the process of
creating, issuing, awarding bids and managing contracts. By leveraging
the system's libraries, templates, and importing capabilities, the
procurement function benefits from increased speed, automated auditing,
and the elimination of redundant data entry. It also increases vendor
participation in the bid process which results in more competitive bids and
ultimately better pricing for the City.
This contract is with Ion Wave Technologies, Inc. for eProcurement and
Contract Management services. The contract was for an initial one-year
period with four, one-year optional renewals. If approved, this will be for
the final renewal available.
Staff recommends approval.