Authorize the City Manager to enter Assignment and Assumption Agreements for the city's Price Agreements for Traffic Signal Parts and Traffic Signal Cabinets from TrafficWare Group, Inc. to Cubic ITS, Inc. The Traffic Signal Parts agreement is for $37,109 annually for one final year; the Traffic Signal Cabinets agreement is for $146,925 annually for one year initially with the option to renew for four additional one-year periods totaling $735,625 if all renewal options are exercised; and authorize the City Manager to execute any additional renewal options with aggregate price fluctuations up to $50,000 or 25% of the original contract value 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
- TrafficWare Group, Inc
- Amount
- $37K
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
- Field
- Construction
construction contracts in TX that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Purchasing
- Introduced
- February 19, 2020
- On agenda
- March 3, 2020
- Passed
- March 3, 2020
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