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

no end date published in this record

Type

amendment

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 $… $781K Lewisville, TX Change Order No. 1 with Durable Specialties, Inc. in the amount of $85,205.00 for signal modification at Main and NW 4th St. $85K Grand Prairie, TX

Committee

Public Works

Introduced

April 8, 2020

On agenda

July 1, 2020