Awarded vendors
- Bank of America, N.A.
Description
The County of Hernando has awarded a contract to Bank of America, N.A. for purchasing card program services. The contract is a term-based contract with a duration of 5 years, starting from 2019-10-01 and ending on 2026-01-04. The contract allows for a consortium with other governmental agencies, which allows for a rebate based on the total net transactions by all members of the consortium. The contract is expected to generate revenue for the county.
• The contract is a piggyback contract, which means that the County of Hernando is taking advantage of a contract already awarded to Hillsborough County.
• The contract is for purchasing card program services, which will allow the county to make purchases using a credit card.
• The contract has a duration of 5 years, with the option to renew.
• The contract is expected to generate revenue for the county through rebates.
• The contract was awarded to Bank of America, N.A. after a review process involving several county officials.