HomeMy WebLinkAboutItem 14 - Procurement Card ServicesMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: AUGUST 15, 2023
SUBJECT: ANNUAL CONTRACT RENEWAL FOR PROCUREMENT CARD
SERVICES
RECOMMENDATION: City Council to consider approval for the renewal of an annual contract for
procurement card services with JPMorgan Chase Bank, N.A.
FUNDING SOURCE: The 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.
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 with positive results. Purchasing and 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.
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 was for an initial two-year period with two optional, two-
year renewals. If approved, this will be for the first renewal available.
Staff recommends approval
LW