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  5. ›COST RECOVERY AND REDUCTION SERVICES

Awarded contract·County of Orange·California

COST RECOVERY AND REDUCTION SERVICES

Won by Procure America, Inc.$4.5MSingle Award
Contract source

Awarded vendors

  • Procure America, Inc.

Description

The contract is for cost recovery and reduction services, which includes providing deep dive analytics and implementing cost reduction strategies. The contractor will be paid based on the cost savings/refunds identified and approved by the county. The contract has a term of 10 years and includes provisions for termination and changes to the scope of work. The contractor is required to maintain insurance coverage and provide certificates of insurance to the county. The contract also includes provisions for confidentiality and non-disclosure of county data.

Attached files

Key dates

Starts
6/25/2019
Ends
6/24/2029
Duration
10 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Consulting Services
NAICS
541610
Solicitation №
RCA01719010018

Contract value

$4,500,000

The contract value is not explicitly stated in the document, but based on the pricing structure, it appears that the contractor will be paid a percentage of the cost savings/refunds identified and approved by the county. The contract has a term of 10 years, and the county will pay fees at a rate of 30% of actual cost recovered each month, for 12 consecutive months for the basic program, and 30% for 60 consecutive months for the basic plus program. Assuming an average annual cost savings of $1 million, the total contract value could be estimated to be around $3 million to $6 million over the 10-year term.

AI estimate from the award documents

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