Title:
Professional Services Agreement: Collection Agency Services
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FileID
File ID: 2024-01885
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Location
Location: Citywide
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Recommendation
Recommendation: Pass a Motion authorizing the City Manager or City Manager's designee to execute a Professional Services Agreement with Financial Credit Network, Inc. to provide collection agency services for an initial one-year period, with an option to renew for four additional one-year periods.
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Contact
Contact: Laterre Walsh, Program Manager, Department of Finance, (916) 808-7800, lwalsh@cityofsacramento.org, Jackie Rice, Finance Manager, Department of Finance, (916) 808-5844, jlrice@cityofsacramento.org
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Attachments
Attachments
1-RFP Evaluation and Rating Summary
2-Resolution for Debt Collection Agency Services
3-Contract
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Description / Analysis
Issue Detail
Issue Detail: The City of Sacramento has utilized Financial Credit Network to provide collection agency services for the recovery of City revenue since 1998. Financial Credit Network has recovered over $13 million on behalf of the City. These are monies that were owed to the City and would not be otherwise recoverable.
The City recently conducted a Request for Proposal (RFP) P25061241001 for debt collection agency services. The City received nine bids from agencies to provide these services. A selection committee was made up of staff from the Department of Utilities and the Department of Finance, Revenue Division. The committee reviewed the proposals and evaluated them based on the agencies' qualifications and experience, work plan and schedule and cost proposal. Financial Credit Network was selected as the most qualified and experienced agency to perform the requested services. The evaluation and rating summary is attached.
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PolicyConsiderations
Policy Considerations: The recommendations in this report are consistent with the provisions of City Code Chapter 3.64 regarding contracts for profe...
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