The linkage to the Strategic Plan is subsection: 7.2 Improve competitiveness through infrastructure improvements impacting the quality of life. Award Summary: The award of Solicitation 2024-0064 Bucket Truck Maintenance to PSI Bearing and Hydraulic Service, LLC for an initial term of three (3) years for an estimated amount of $297,600.00. The award also includes a two (2) year option for an estimated amount of $198,400.00. The total contract time is for five (5) years for a total estimated amount of $496,000.00. This contract will provide repair services for older bucket trucks for Fleet Services. Contract Variance: The difference based in comparison to the previous contract is as follows: An increase of $107,600.00 for the initial term, which represents a 230.67% increase due to an increase in pricing for service, parts and inspections. Department: Streets and Maintenance Award to: PSI Bearing and Hydraulic Service, LLC City & State: El Paso, TX Item(s): All Initial Term: 3 Years Option Term: 2 Years Total Contract Time: 5 Years Annual Estimated Award: $99,200.00 Initial Term Estimated Award: $297,600.00 Option Term Estimated Award: $198,400.00 Total Estimated Award $496,000.00 Account(s) 532-3600-37020-531210-P3701 532-3600-37020-531250-P3701 Funding Source(s): Internal Service Fund - Inventory Purchases Materials and Supplies Internal Service Fund - Equipment Outside Repairs Services District(s): All This was a Best Value Bid Procurement - unit price contract. The Purchasing & Strategic Sourcing and Streets and Maintenance Departments recommend award as indicated to PSI Bearing and Hydraulic Service, LLC the sole highest ranked bidder based on the evaluation factors established in the evaluation criteria for this procurement. It is requested that the City Manager be authorized to establish the funding sources and make any necessary budget transfers and execute any and all documents necessary for execution of this award. In accordance with this award, the City Manager or designee is authorized to exercise future options if needed.

Best Value Procurement Agenda Ready Introduced February 26, 2024

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