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Awarded contract·City of Homestead·Florida

Amscot Corporation

Won by Amscot Corporation$120kSingle Award
Contract source

Awarded vendors

  • Amscot Corporation

Description

This contract is between the City of Homestead and Amscot Corporation for payment collection and remittance services. The contract has an amendment to increase the payment collection and remittance fee from $0.60 per transaction to $1.00 per transaction for off-site payment processing. The contract auto-renews. Key aspects of the contract include: • Payment collection and remittance services • Amendment to increase payment collection and remittance fee • Auto-renewal clause • Off-site payment processing The contract is for an ongoing duration, with a start date of February 1, 2025, and an end date of September 30, 2026.

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Starts
2/1/2025
Ends
9/30/2026Renews
Duration
1 year

Last updated

Details

Award type
Single Award
Industry
Financial Services
NAICS
522320
Solicitation №
14-CS-001A

Contract value

$120,000

The contract value is not explicitly stated, but based on the payment collection and remittance fee of $1.00 per transaction, it can be estimated that the contract value is likely in the range of thousands to millions of dollars, depending on the volume of transactions. Assuming an average of 10,000 transactions per month, the annual contract value would be approximately $120,000. However, this is a rough estimate and the actual contract value may be higher or lower.

AI estimate from the award documents

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