TO: AC Transit Board of Directors
FROM: Salvador Llamas, General Manager/Chief Executive Officer
SUBJECT: Cash Revenue Collection Contract Award
ACTION ITEM
AGENDA PLANNING REQUEST: ?
RECOMMENDED ACTION(S):
Title
Consider approving the award of a contract for cash revenue collection services to Brink's for a five-year base term with one (1) two-year option period.
Staff Contact:
Chris Andrichak, Chief Financial Officer
Body
STRATEGIC IMPORTANCE:
Goal - Financial Stability and Resiliency
Initiative - Financial Efficiency and Revenue Maximization
Continued efficient collection and deposit of cash revenues is critical to the District's overall business operations.
BUDGETARY/FISCAL IMPACT:
The not-to-exceed contract value for the five-year base period is $2,882,971. A single two-year option is $1,326,167 for a total value of $4,209,138. The funding for this service is included in the District's Operating Budget.
CONTRACT AWARD SUMMARY:
Vendor Outreach Summary:
No. DBE/SBEs:|1010|No. Registered Vendors:
288
Contract Summary:
# Proposals/Bids Received:|1010|Award Type:
Best Value
Independent Cost Estimate Range:
$2,780,040
Recommended for Award:
Brink's, Incorporated
Small Business Type:
Not Applicable*
DBE/SBE Utilization %:**
N/A
* Neither SBE, nor DBE
** The District sets Small Business Enterprise (SBE) goals on contracting opportunities. The Federal Transit Administration (FTA) may authorize a Disadvantaged Business Enterprise (DBE) goal; however, SBE goals may result in DBE awards and utilization.
Levine Act Disclosure
California Government Code ? 84308, commonly referred to as the "Levine Act," precludes an Officer of a local government agency from participating in the award of a contract if he or she receives any political contributions totaling more than $500 in the 12 months preceding the pendency of the contract award, and for three months following the final decision, from the person or company awarded the contract. This proh...
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