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

no end date published in this record

Type

award

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