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  5. ›Intent to Award -Wage and Employment Verification Services

Awarded contract·Lexington County School District One·South Carolina

Intent to Award -Wage and Employment Verification Services

Won by Coal Creek Software Inc. d/b/a Verifent$600kAwarded 3/21/2024Single Award
Contract source

Awarded vendors

  • Coal Creek Software Inc. d/b/a Verifent

Description

The Lexington County School District One is entering into a five‑year contract to obtain wage and employment verification services for its staff. The district will rely on Verifent (Coal Creek Software Inc.) to respond to third‑party verification requests, maintain secure employee wage records, and ensure compliance with relevant privacy and consumer‑reporting laws. The contract is “No Cost to District,” implying funding will come from another source, and work may not commence until the contract becomes effective on April 1 2024 at 4:30 PM and a purchase order is issued. • Scope: Provide timely, accurate wage and employment verification responses to external requests. • Term: April 2 2024 – April 1 2029 (maximum five‑year period). • Vendor: Verifent, a Denver‑based software/service provider; no direct cost to the district. • Procurement: Sole‑source intent‑to‑award with a ten‑day protest window (deadline March 31 2024).

Attached files

Key dates

Intent to award
3/21/2024
Awarded
3/21/2024
Starts
4/2/2024
Ends
4/1/2029
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Consulting Services
NAICS
541612
Solicitation №
PT2024.2

Contract value

$600,000

The document states “No Cost to District,” meaning the district will not pay the vendor directly. However, the vendor will still incur costs to provide the verification service, likely funded by a grant, reimbursement from third‑party requestors, or internal district budgeting not reflected in the notice. Assuming an average annual cost for a small‑to‑mid‑size verification service of $100,000‑$150,000 (including staffing, software licensing, and overhead), a five‑year total would range between $500,000 and $750,000. Given the “no‑cost” language, the district’s exposure is $0, but the market value of the service is estimated around $600,000.

AI estimate from the award documents

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