North Orange County Regional Occupational Program Opengov #017-C023940-JM

Award of Cost Recovery and Reduction Services Contract to Troy & Banks Inc.

The County of Orange has awarded a five-year contract for cost recovery and reduction services to Troy & Banks Inc. - Government Buyer: - County of Orange, County Executive Office, County Procurement Office - Awarded Vendor: - Troy & Banks Inc. - Services Requested: - Comprehensive audit and review of billing invoices and taxes for: - Utilities - Waste & Recycling - Telecommunications - Document Management - Treasury Services - Shipping & Logistics - Identification of cost savings, recovery of overpayments, and implementation of cost reduction strategies - Detailed audits, billing error identification, refund claim negotiations, and ongoing cost control - Progress reports, recommendations, and assistance with implementation - Key Requirements: - Minimum of three years' experience in similar services for public agencies - Strict confidentiality and data handling provisions - Compensation is performance-based: 29% of refunds/credits, 24% of future cost savings (annualized over 12 months) - No up-front fees; contract is usage-based - Qualified personnel required, including Audit Manager and specialized analysts - Notable Details: - No specific products or part numbers; this is a professional services contract - Services cover a broad range of expense categories beyond utilities

Description

The County of Orange is soliciting proposals for a five-year contract to provide cost recovery and reduction services. The contractor will audit and review billing invoices and taxes related to utilities, waste & recycling, and telecommunications to identify cost savings and recover overpayments. The scope includes detailed audits, progress reporting, and implementation of cost reduction strategies. The contract period is from June 25, 2019, to June 24, 2025, with Troy & Banks Inc. as the awarded contractor.

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