Explanation
BACKGROUND: This legislation authorizes the Finance and Management Director to establish a Universal Term Contract (UTC) for the option to purchase Underground Cable Accessories with The Loeb
Electric Company. The Division of Power is the sole user for underground cable accessories. Underground cable accessories are used for the Division’s underground electrical distribution system. The term of the proposed option contract would be approximately four years, expiring May 31, 2029, with the option to renew for three (3) additional years. The Purchasing Office opened formal bids on February 20, 2025. In addition, the expenditure of $1.00 is hereby authorized from General Budget Reservation BRPO003196.
The Purchasing Office advertised and solicited competitive bids in accordance with the relevant provisions of Section 329 relating to competitive bidding (Request for Quotation No. RFQ029476). One (1) bid was received.
The Purchasing Office is recommending award to the overall lowest, responsive, responsible and best bidder as follows:
The Loeb Electric Company, CC# 006028 expires 8/1/2026, All Items, $1.00
Total Estimated Annual Expenditure: $300,000.00, Division of Power, the sole user
The company is not debarred according to the Excluded Party Listing System of the Federal Government or prohibited from being awarded a contract according to the Auditor of State Unresolved Findings for Recovery Certified Search.
FISCAL IMPACT: The expenditure of $1.00 is hereby authorized from General Budget Reservation BRPO003196. City Agencies will be required to obtain approval to expend from their own appropriations for their estimated annual expenditures.
Title
To authorize the Director of the Department of Finance and Management to enter into a Universal Term Contract for the option to purchase Underground Cable Accessories with The Loeb Electric Company; and to authorize the expenditure of $1.00. ($1.00)
Body
WHEREAS, the Underground Cable A...
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