Price agreement for traffic signal cabinets from Traffic Ware, Inc. at an annual cost of $146,925 for one year with the option to renew for four additional one year periods totaling $734,625, if all extensions are exercised; 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 term. The traffic signal controllers will not be awarded, but purchased through the current agreement with Iteris, Inc.

What this record is

Held by

Traffic Ware, Inc

Amount

$735K

Runs until

no end date published in this record

Type

award

Field

Construction

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

Committee

Public Works

Introduced

June 18, 2019

On agenda

July 16, 2019

Passed

July 16, 2019