Price agreement for asphalt road surfacing products from JLB Contracting ($209,000 annually) through a Master Inter-local Agreement with the City of Fort Worth. This agreement will be for thirteen months with the option to renew for four additional one year periods totaling $1,045,000 if all extensions are exercised. 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

JLB Contracting 2 records across this site

Amount

$1.04M

Runs until

no end date published in this record

Type

amendment

Field

Construction

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

JLB Contracting also holds

Change Order #1 to price agreement with JLB Contracting, LLC, in the amount of $109,000 to add asphalt road surfacing products for the Water Division $109K Grand Prairie, TX

Committee

Purchasing

Introduced

August 24, 2018

On agenda

September 4, 2018

Passed

September 4, 2018