The contract is for the provision of Automatic Teller Machine Concession services to the Bergen County government. The contract has a term of 36 months, with two 12-month renewal options. The contract is revenue-producing, with the vendor paying a monthly location fee to the county. The contract was awarded to DE & P Technical Services, LLC, after a competitive bidding process. The key aspects of the contract include:
• Location fee: $501.00 per month, payable to the County of Bergen
• Annual location fee: $6,012.00
• Renewal options: two 12-month renewal options
• Contract term: 36 months, with renewal options
• Revenue-producing: yes, with the vendor paying a monthly location fee to the county
• Awarded to: DE & P Technical Services, LLC
• Contract value: estimated to be around $72,000 per year, based on the monthly location fee.