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Recommendation of Award, P2014000019, Merchant Services
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SUMMARY:
The Albuquerque Bernalillo County Water Utility Authority issued the subject Request for Proposals (RFP) to solicit proposals from qualified vendors to provide fiscal agent services.
The RFP was posted on the Sicomm website and advertised in the local newspaper. Four responses were received and submitted for evaluation. The ad hoc evaluation committee reviewed, evaluated, and scored the responses in accordance with the evaluation criteria published in the RFP.
The responses were reviewed, evaluated and scored by an ad hoc committee consisting of Hobert Warren, Customer Service Division Manager; Cody Stinson, CIO; and; Trina Mooneyham, Application Manager, Yvonne Lara, Assistant Customer Services Manager and Priscilla Stevens, Customer Service Supervisor. The committee recommended the award of a contract to Bank of Albuquerque, based on the composite score, qualifications to perform the work, and conformance with the requirements of the RFP.
FISCAL IMPACT:
Fees for merchant services are budgeted in the FY/14 Operating Budget. The final fees will be negotiated as submitted in the cost proposal, but it is anticipated that savings will be realized.