Awarded vendors
- Bank of America
Description
The City of Port St. Lucie has entered into a piggyback agreement with Hillsborough County to utilize their procurement card program, which is provided by Bank of America. The agreement allows the City of Port St. Lucie to establish a procurement card program with Bank of America, and the city will receive rebates based on their spend volume. The contract is for a period of 9 years, from October 1, 2011, to October 1, 2020. The scope of work includes the provision of corporate card services by Bank of America to the City of Port St. Lucie. Key points to consider include:
• The City of Port St. Lucie will receive rebates based on their spend volume, with a minimum spend of $1,000,000 required to qualify for a rebate.
• The contract is a piggyback agreement, which means that the City of Port St. Lucie is utilizing the procurement card program of Hillsborough County.
• The contract is for a period of 9 years, which suggests a long-term commitment to the procurement card program.
• The provision of corporate card services by Bank of America is the primary scope of work for this contract.