Contract+-+SIGNED+10-2018.pdf

This document is a Purchasing One Card Master Contract between the State of North Dakota, acting through its Office of Management and Budget, and JPMorgan Chase Bank, N.A. The contract is established pursuant to the North Dakota Century Code and is a cooperative purchasing contract available to state entities, institutions, government entities, counties, cities, townships, public educational entities, nonprofit organizations, tribal agencies, and transportation providers under N.D.C.C. Chapter 39-04.2 and the International Peace Garden jurisdiction.

The contract provides a purchasing one card program that facilitates the ability to make purchases through a no-fee, no-cost, no-rebate sharing card program. The contract term runs from February 1, 2019 to January 31, 2023, with pricing based on February 1, 2018 data. The contract includes volume rebate rates that increase incrementally based on the Consortium Combined Total Charge Volume, ranging from 1.54% at $50,000,000 to 1.98% at $210,000,000. The State reserves the right to extend the contract for up to 12 months and may renew it up to 4 times for 24-month periods. The contractor will provide initial training, web-based reporting, and maintain specific insurance coverages, including a $600,000 cyber liability policy.