Covington Plans 10-Year Payroll Incentive for GBS

Scope & details

The full contract record, as filed.

Contract amount

Up to approximately $279,753 over 10-year term

Contract type

FINANCIAL_SERVICES

Contract term

January 1, 2027 – December 31, 2036

Renewal date

2036-12-31

Renewal

Agreement term is fixed from January 1, 2027 to December 31, 2036 with no automatic renewal; any amendment, modification, or extension must be in writing and signed by all parties. The City may terminate the agreement after notice and cure period if Global Business Solutions defaults on obligations such as payroll targets, tax payments, or remaining in Covington.

Document type

Agenda

Source document

City of Covington Agenda Item Request April 2026

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City of Covington Legislative Meeting Agenda 2026-07-21

AMENDED

Housing Authority of Covington, KentuckyJul 21, 2026

City of Covington Board of Commissioners Legislative Meeting Minutes March 2026

APPROVED

Housing Authority of Covington, KentuckyMar 24, 2026

City of Covington Agreement with Global Business Solutions, Inc. March 2026

PENDING

City of Covington, KentuckyMar 10, 2026

City of Covington Contract with Global Business Solutions, Inc. March 2026

AWARDED

City of Covington, Kentucky$753,190.80Mar 5, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Covington?

Global Business Solutions Inc was awarded this financial services contract by City of Covington, as recorded on April 5, 2026. The contract value is Up to approximately $279,753 over 10-year term.

How much is the Global Business Solutions Inc contract with City of Covington worth?

The Global Business Solutions Inc contract with City of Covington is valued at Up to approximately $279,753 over 10-year term, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Covington Agenda Item Request April 2026 (Agenda), dated April 5, 2026 from City of Covington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Global Business Solutions Inc hold?

Global Business Solutions Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Global Business Solutions Inc's profile

What is City of Covington currently buying?

Explore City of Covington's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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