City tech agency was overcharged for $47M procurement system, watchdog says
The city’s scandal-scarred tech agency was overcharged millions for an electronic procurement system, according to an investigative watchdog.
Ivalua Inc. was first hired by the Department of Information Technology and Telecommunications in 2016 to come up with a a system that allows 40 city agencies to buy products and services online.
In the years since, the contract has ballooned from $30.5 million to a whopping $46.9 million, the watchdog Checks and Balances Project found. The city has spent $27.5 million on the contract so far.
A similar system made for Dallas, Texas, cost just under $50,000 a year, according to documents obtained by the watchdog and shared with the Daily News.
Read more: https://www.nydailynews.com/news/politics/ny-new-york-city-e-procurement-system-contract-ivalua-20190602-l2ccjbsohvd3tkohvdk6dp3yiq-story.html