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Awarded contract·City of Leesburg, Florida·Florida

Lockbox Payment Processing Services

Won by Bill2Pay, LLC$150kSingle Award
Contract source

Awarded vendors

  • Bill2Pay, LLC

Description

The City of Leesburg, Florida, has awarded a contract to Bill2Pay, LLC, for lockbox payment processing services. The contract has a term of three years, with an option to renew for additional terms. The contractor will provide remittance processing and other related services, including online image access, interactive exceptions, and data transmission. The city will pay the contractor a minimum of $2,250 per month, with the possibility of additional charges for items such as postage and overnight expenses. The contract includes provisions for termination, indemnification, and insurance. • The contract is for lockbox payment processing services. • The term of the contract is three years, with an option to renew. • The contractor will provide remittance processing and other related services. • The city will pay the contractor a minimum of $2,250 per month. • The contract includes provisions for termination, indemnification, and insurance.

Attached files

Key dates

Starts
4/11/2016
Ends
4/11/2019Renews
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
522320
Solicitation №
160072

Contract value

$150,000

The contract value can be estimated based on the minimum monthly payment of $2,250. Over the three-year term of the contract, this would result in a total payment of $2,250 x 12 x 3 = $81,000. However, this is just the minimum payment, and the actual contract value could be higher depending on the volume of payment processing services required by the city. Additionally, the contract includes provisions for additional charges, such as postage and overnight expenses, which could also increase the total contract value. Therefore, a more realistic estimate of the contract value might be in the range of $100,000 to $200,000.

AI estimate from the award documents

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