HomeMy WebLinkAboutItem 09 - Procurement Card ServicesMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: AUGUST 3, 2021
SUBJECT: APPROVAL FOR A CONTRACT FOR PROCUREMENT CARD
SERVICES
RECOMMENDATION: City Council to consider approval for a contract for procurement card
services with JPMorgan Chase Bank, N.A. for the City of Grapevine.
FUNDING SOURCE: This action will have no material effect on City funds.
BACKGROUND: The program's primary objectives are to achieve administrative savings
associated with an online electronic small -purchase
billing/payment/management system to consolidate and enhance data
collection and reporting, and to realize volume -based rebates. The ease
of processing the monthly billing makes it less expensive to process than
payments by check.
This purchase will be made in accordance with an existing interlocal
agreement with the City of Fort Worth, Texas as allowed by Texas Local
Government Code, Section 271 and Texas Government Code, Chapter
791. The contract is for an initial two-year period with two optional, two-
year renewals.
RFPs were received by the City of Fort Worth, Texas for purchasing card
services and an award was made to JPMorgan Chase Bank, N.A. on June
22, 2021. The City has utilized JPMorgan Chase Bank for procurement
card services for the last eight years with positive results. Purchasing
Fiscal Services staff reviewed the contract for specification compliance
and pricing and determined that this contract would provide the best
service for meeting the needs of the City.
Staff recommends approval.
LW