City Recalls Prior Tek-Collect Collection Rates

Lexington officials noted that Tek-Collect previously provided collection agency services to the City at a rate of $13.50 per delinquent account. The prior engagement was referenced as a benchmark while discussing future procurement of collection services for outstanding water and sewer accounts.

Document date · May 26, 2020

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Scope & details

The full contract record, as filed.

Contract amount

$13.50 per account

Contract type

FINANCIAL_SERVICES

Renewal

Historical reference only; no renewal, amendment, or extension was approved at this meeting. Future RFQ is planned for collection agencies, which may or may not include Tek-Collect.

Document type

Minutes

Source document

city-of-lexington-council-meeting-minutes-may-26-2020_358.pdf

Frequently asked questions

Common questions about this contract, answered from the record.

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

TEK-COLLECT was awarded this financial services contract by City of Lexington, as recorded on May 26, 2020. The contract value is $13.50 per account.

How much is the TEK-COLLECT contract with City of Lexington worth?

The TEK-COLLECT contract with City of Lexington is valued at $13.50 per account, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city-of-lexington-council-meeting-minutes-may-26-2020_358.pdf (Minutes), dated May 26, 2020 from City of Lexington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does TEK-COLLECT hold?

TEK-COLLECT 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 TEK-COLLECT's profile

What is City of Lexington currently buying?

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

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