Price agreement with FabCo, LLC., as the primary vendor, at an estimated annual cost of $81,855 and a secondary with Craddock Lumber Company at an estimated annual cost of $100,141 for concrete supplies. These agreements will be for one year with the option to renew for four additional one year periods totaling $409,275 and $500,705, respectively, if all extensions are exercised, and authorize 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(s)

What this record is

Held by

FabCo, LLC 2 records across this site

Amount

$501K

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.

FabCo, LLC also holds

Resolution determining local preference and price agreement for rebar and concrete steel supplies from Fabco, LLC (up to $35,898.40 annually) for one … $179K Grand Prairie, TX

Committee

Public Works

Introduced

October 22, 2020

On agenda

November 3, 2020

Passed

November 3, 2020