Explanation
BACKGROUND: To modify the contract number FL003365 with The McGlaughlin Oil Co./Fas Lube, Inc. for the purchase of Automotive P.M. Services for Fleet Management. This ordinance authorizes modifying the current contract (FL003365) to increase the pricing listed on Page 5 in the amount of ten percent (10%). This action is necessary due to recent increases in crude oil prices.
1. Amount of additional funds: No additional funds are necessary to modify the option contract.
2. Reason additional needs were not foreseen: The current contract does not contain the Escalator/De-escalator Clause.
3. Reason other procurement processes not used: The same exact product is required as originally bid. No lower pricing/more attractive terms and conditions are anticipated through rebidding at this time.
4. How cost was determined: Terms and conditions are in accordance with the original agreement.
FISCAL IMPACT: No additional funds are required to modify the option contract. Each agency must set aside their own funding for their estimated expenditures.
Title
To authorize and direct the Finance & Management Director to modify contract FL003365 with The McGlaughlin Oil Co./Fas Lube, Inc. in order to increase pricing stated in the original contract in the amount of ten percent (10%) due to increases in crude oil prices.
Body
WHEREAS, the Finance and Management/Purchasing Office established the contract with The McGlaughlin Oil Co./Fas Lube, Inc. for the option to purchase Automotive P.M. Services; and
WHEREAS, The McGlaughlin Oil Co/Fas Lube provided several price increase notification letters from suppliers supporting this increase
WHEREAS, The McGlaughlin Oil Co./Fas Lube, Inc. has agreed to honor the past, present and future purchase orders established from contract number FL003365, and
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Finance and Management Director be and is hereby authorized an...
Click here for full text