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EDM CARD STOCK
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DESCRIPTION: Purchase transfer fare tickets as a sole source purchase. |
AGENDA NO: Click or tap here to enter text. |
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ACTION REQUEST: ☒ Approval ☐ Review Comment ☐ Information Only ☐ Other |
RECOMMENDATION:
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To authorize the Chief Executive Officer to complete the sole source purchase of 4,000,000 fare collection transfer tickets from EDM, Inc.
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ISSUE/BACKGROUND:
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Due to waived transfer fees, the agency has experienced an increased volume of transfer usage. Additionally, the product’s pricing has risen from $0.028 per each to $0.0415, a 48.2% increase since March 2021. The total cost for this order is $166,000.00. Supply chain demands and inflation has drastically affected the cost as well as the production time of 14 -16 weeks.
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DISCUSSION:
EDM’s transfer tickets are produced using a 10MIL thermal poly paper and has proven to be compatible with the Genfare fareboxes currently in use for both Streetcar and Bus vehicles. These credit-card sized transfer tickets, the industry’s standard size, consist of an oxide stripe material which is configured by the read and write magnetic process, which is designed to hold ride data and assist in the automation of the fare/ticket collection process
FINANCIAL IMPACT:
The cost of the purchase will be $166,000.00 with funding available through local funding source, using account code 1420099.8550.15113.
NEXT STEPS:
Following Board approval, the staff will assign a purchase order for product.
ATTACHMENTS:
1. ICE EDM
2. EDM Specs and Quote
3. EDM Resolution draft
Prepared By: Dawn U. Collins
Title: Administrative Analyst, Operations
Reviewed By: Gerard Guter
Title: Deputy Chief Operating Officer
Reviewed By: Gizelle Banks
Title: Chief Financial Officer
3/7/2023
Lona Edwards Hankins Date
Chief Executive Officer