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  5. ›JURISDICTIONAL BUSINESS OPERATIONS ASSESSMENT AND BTR…

Awarded contract·City of Port St. Lucie·Florida

JURISDICTIONAL BUSINESS OPERATIONS ASSESSMENT AND BTR FEES’ COLLECTION PROGRAM

Won by Recruitment and Engineering Products & Services, Inc. (REPS)$750kSingle Award
Contract source

Awarded vendors

  • Recruitment and Engineering Products & Services, Inc. (REPS)

Description

The City of Port St. Lucie has entered into a contract with Recruitment and Engineering Products & Services, Inc. (REPS) for a Jurisdictional Business Operations Assessment and BTR Fees' Collection Program. The program aims to assess business operations within the City and provide recommendations for improving business tax collection practices. The contract includes provisions for public records, indemnification, and insurance. The City will pay REPS a revenue-based compensation of 25% of all revenue generated and collected from persons obtaining their City BTR for the first time in two years. The contract has a term of one year, with an option for two one-year renewals. • The contract includes a detailed scope of work, including the assessment of business operations and the provision of recommendations for improving business tax collection practices. • The City will provide REPS with access to public records and information necessary to perform the services. • REPS will be responsible for maintaining accurate records and providing the City with regular updates on their progress. • The contract includes provisions for termination, including termination for cause and termination for convenience. • The City and REPS will work together to develop a summary document explaining the process and results of the program.

Attached files

Key dates

Starts
4/18/2024
Ends
4/17/2026Renews
Duration
1 year

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Consulting Services
NAICS
541611
Solicitation №
20240043

Contract value

$750,000

Based on the contract, the value of the contract is not explicitly stated. However, the revenue-based compensation of 25% of all revenue generated and collected from persons obtaining their City BTR for the first time in two years suggests that the contract value will depend on the success of the program. Assuming an average annual revenue of $1 million from business tax collection, the contract value could be estimated to be around $250,000 per year, based on the 25% revenue-based compensation. The total contract value for the one-year term, with two optional one-year renewals, could be estimated to be around $750,000.

AI estimate from the award documents

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