18-8051
Price agreement for Elevator PM, Monitoring, and Repair from A&F Elevator Company, Inc. (up to $118,445 for year one and $72,500 annually after the first year) for one year with the option to renew for four additional one year periods totaling $408,445.50 if all extensions are excercised; award a secondary price agreement to KONE (up to $74,000 annually) to be used only if the primary is unable to fulfill the needs of the department; and authorize the City Manager to execute the 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 terms
What this record is
- Held by
- A&F Elevator Company, Inc
- Amount
- $408K
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
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Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Facility Services
- Introduced
- July 6, 2018
- On agenda
- July 17, 2018
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