DEPARTMENT OF FINANCE CONTRACTING
WITH LOCAL & SMALL BUSINESSES IN
FISCALYEAR 2023-2024
COMMUNITY AND ECONOMIC DEVELOPMENT COMMITTEE
OCTOBER 28, 2024 ITEM (D)3
1 Albie Udom, Deputy Director, Finance Department
BACKGROUND
• City's Decentralized Procurement Model
City Departments
Independently manage consulting contracts within department Public Works Department:
Also manages public works contracts (construction)
No longer a part of this report – shared in the Annual Citywide Capital Improvement Program Status Report
Finance Department (purchasing):
Also manages all other goods and services
2 FINANCE / PURCHASING PROCUREMENT
• $366.1 Million (M) Total Dollars Awarded in FY 2023-2024:
Local Businesses: 24% of total dollars awarded ($87.9M) Local & Small Businesses: 11% of total dollars awarded ($39.8M) • 1,602 Total Awards in FY 2023-2024:
Local Businesses:12% of total awards (186)
Local & Small Businesses: 6% of total awards (102)
3 CONTRACTS & PURCHASE ORDERS:
TOTAL DOLLARS AWARDED (IN MILLIONS)
$64.5
$101.6
$87.9
$20.3 $18.0
$39.8
FY 21-22 FY 22-23 FY 23-24
Local Businesses Local & Small Businesses
4 CONTRACTS & PURCHASE ORDERS:
TOTAL AWARDS
11%
18%
12%
4% 4%
6%
FY 21-22 FY 22-23 FY 23-24
Local Businesses Local & Small Businesses
5 FINANCE / PURCHASING TOUCHPOINTS
Public
Resources
E-procurement
Process
(Biddingo)
Outreach
Events
6 DEPARTMENT OF FINANCE CONTRACTING
WITH LOCAL & SMALL BUSINESSES IN
FISCALYEAR 2023-2024
COMMUNITY AND ECONOMIC DEVELOPMENT COMMITTEE
OCTOBER 28, 2024 ITEM (D)3
1 Albie Udom, Deputy Director, Finance Department