20-9910
Price agreement for installation of inductive loops from Durable Specialties, Inc. (up to $98,100 annually) for one year with the option to renew for four additional one-year periods totaling $490,500 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 terms
What this record is
- Held by
- Durable Specialties, Inc 3 records across this site
- Amount
- $491K
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
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Read automatically from the title of the official record. The source document below is authoritative.
Durable Specialties, Inc also holds
Approval of a Bid Award for the Windhaven Parkway and Cookie Lane Traffic Signal Construction Project to Durable Specialties, Inc., in the Amount of $… Change Order No. 1 with Durable Specialties, Inc. in the amount of $85,205.00 for signal modification at Main and NW 4th St.- Committee
- Public Works
- Introduced
- April 8, 2020
- On agenda
- July 1, 2020
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