Reverse Auction Services

The Chicago Park District has entered into an agreement with Peralta-Garcia Innovations for reverse auction services. The contract is for a period of two years, with an option for three additional one-year extensions. The services include the provision of an online, internet-based, reverse auction system, as well as maintenance and support for the system. The contract has a value of $50,000. The key points of the contract include: * The provision of an online, internet-based, reverse auction system * Maintenance and support for the system * The contract has a value of $50,000 * The contract is for a period of two years, with an option for three additional one-year extensions * The services will be performed by Peralta-Garcia Innovations, a Joint Venture between Peralta-Garcia Solutions, LLC and Electronic Auction Services.