Authorize the third renewal of the city's secondary price agreement for fiber restoration services with STC Utility Services, Inc. ($482,920 annually) for one year with the option to renew for two additional one year periods totaling $2,414,600, 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(s)
What this record is
- Held by
- STC Utility Services, Inc
- Amount
- $2.41M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- amendment
- Field
- Technology
technology 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
- March 26, 2020
- On agenda
- July 1, 2020
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