Price agreement amendment and renewal #1 for Security Systems Monitoring, with Dallas Security Systems, Inc., at an estimated annual cost not to exceed $48,505.92 and for a total cost not to exceed $242,529.60 if all four one-year renewal options are exercised; this action would amend the current contract establishing four (4) additional one-year renewals as well as executing renewal #1 extending the contract through December 31, 2018; and authorize the City Manager to execute any additional renewal options with aggregate price fluctuations of the lesser of up to $50,000 or 25% of the original maximum price so long as sufficient funding is appropriated by the City Council to satisfy the City’s obligation during the renewal term(s)

Agenda Item Consent Agenda Introduced November 9, 2017

What this record is

Held by: Dallas Security Systems, Inc
Amount: $49K
Runs until: December 31, 2018 already ended date quoted from the award document
Type: amendment

Read automatically from the title of the official record. The source document below is authoritative.