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DCGO Positive Sentiment Score: 75/100

ADOLFO CARRIÓN JR. Commissioner Office of the Commissioner 100 Gold Street New York, N.Y. 10038

Key Takeaway: Adolfo Carrión Jr., Commissioner, addressed a letter regarding a contract between DocGo and the Department of Housing Preservation and Development in New York. The letter assured that despite a communication from the New York City Comptroller indicating potential issues, payments under the contract will continue as planned. The HPD intends to clarify with the Comptroller that all necessary steps will be taken to ensure compliance and prompt payment. This communication reflects ongoing collaborative efforts to manage the migrant crisis effectively.

Market Sentiment Analysis

POSITIVE FACTORS

  • The contract with the Department of Housing Preservation and Development (HPD) will be honored and payments will proceed.
  • There's assurance from the HPD that the Comptroller's letter will not impact payment timelines.
  • The communication highlights positive cooperation in addressing the migrant crisis.

Full Press Release Details

Chief Executive Officer
Rapid Reliable Testing NY, LLC (d/b/a DocGo)
New York, New York 10001
I refer to the letter received by my office yesterday
from New York City Comptroller Brad Lander, stating that your above referenced contract (the "Contract") with the Department
of Housing Preservation and Development ("HPD") is being returned.
Please be advised that the Comptroller's letter
and his statements related thereto reported in the New York Times this morning notwithstanding, HPD intends to inform the Comptroller
that he is required to take the necessary steps for HPD to make payments under the Contract. There is no risk of non-payment as a result
of the Comptroller's letter and statements regarding the Contract and DocGo will be paid in accordance with the Contract. Payment
under the Contract will commence promptly.
We thank you for your service, dedication and patience
as we together address the migrant crisis here in New York.
/s/ Adolfo Carrion Jr.
Adolfo Carrion Jr.
Commissioner

Frequently Asked Questions

What is the status of the contract with HPD?

The contract with HPD will proceed despite the Comptroller's letter.

Will DocGo receive payment under the contract?

Yes, DocGo will be paid as per the contract terms.

Who is addressing the migrant crisis in New York?

Adolfo Carrion Jr. is leading efforts to tackle the migrant crisis.

What did the Comptroller's letter state?

The letter indicated that the contract was being returned for review.

When will payments under the contract start?

Payments under the contract will commence promptly.

Last updated: Sep 6, 2023