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Approval of Contract with Bank of Albuquerque for P2024000014 Lockbox
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The Albuquerque Bernalillo County Water Utility Authority (Water Authority) issued a Request for Proposals (RFP) P2024000014, Lockbox, to solicit proposals from qualified vendors to include Lockbox Services.
The RFP was posted on the BidSync website and advertised in the local newspaper. One (1) responsive offer was received and submitted for evaluation. The Ad Hoc Committee reviewed, evaluated, and scored the response in accordance with the evaluation criteria published in the RFP.
Listed are all the respondents’ average composite scores with all applicable preferences applied as indicated in the scoring details. The largest total composite score possible without preferences applied is 1000.
Offeror Total Composite Score
Bank of Albuquerque 1017.0
The Committee recommends the award of the contract to Bank of Albuquerque as they have the highest average composite score, are qualified to perform the work, and capable of meeting the Water Authority’s needs.
If approved by the Board, the price agreement will be issued by the Water Authority to enable Bank of Albuquerque to provide these services. Approval of this item shall also serve as delegation of authority for the Executive Director to approve all future amendments to this price agreement, if any.
FISCAL IMPACT:
expected to exceed $500,000.00 not including NM GRT, for which appropriations have already been made.