council recommendation for NEGOMETRIX.pdf

The document outlines a recommendation to award a 5-year contract for procurement software to Negometrix. St. Charles aims to enhance its purchasing process by standardizing procedures, promoting transparency, and ensuring quality vendor selection. The software will support best value purchasing, cooperative procurement, and sustainability efforts. A survey was conducted to identify suitable software platforms, leading to the selection of Negometrix due to its integrated system, functionality, and cost-effectiveness. The software offers features like procurement planning, electronic notifications, vendor registration, document management, and vendor performance evaluation. Negometrix was preferred over GoBonfire for its comprehensive functionality and lower cost. The recommendation emphasizes Negometrix's focus on best value procurement and paperless processes.