Explanation
BACKGROUND: This legislation authorizes the Finance and Management Director to establish a Universal Term Contract (UTC) for the option to purchase Underground Wire and Cable with Loeb Electric Company. The Division of Power is the sole user for underground wire and cable, used for the Division’s underground electrical distribution system. The term of the proposed option contract would be approximately two years, expiring May 31, 2024, with the option to renew for one (1) additional year. The Purchasing Office opened formal bids on May 26, 2022. In addition, the expenditure of $1.00 is hereby authorized from General Budget Reservation BRPO002025.
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. RFQ021751). One (1) bid was received.
The Purchasing Office is recommending award to the overall lowest, responsive, responsible and best bidder as follows:
Loeb Electric Company, CC# 006028 expires 7/27/22, All Items, $1.00
Total Estimated Annual Expenditure: $300,000.00, Division of Power, the sole user
Emergency Designation: The Finance and Management Department respectfully requests this legislation be considered an emergency ordinance to ensure sufficient supplies to maintain the electrical distribution system.
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 BRPO002025. City Agencies will be required to obtain approval to expend from their own appropriations for their estimated annual expenditures.
Title
To authorize the Finance and Management Director to enter into a contract for the option to purchase Underground Wire and Cable...
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