From
Angi Mize
Title
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)
Presenter
Bryce Davis, Purchasing Manager
Recommended Action
Approve
Analysis
The City currently contracts with TrafficWare Group Inc. with two active price agreements:
- Traffic Signal Parts which will expire in March 2020 with no available renewals remaining, approved by City Council in April of 2016; and
- Traffic Signal Cabinets which will expire in July 2020 with four available renewals remaining, approved by City Council in July of 2019.
In February of 2020, the City received notice of TrafficWare and Cubic’s corporate merger and their request to assign the contract to Cubic ITS, Inc. at the same pricing, terms, and conditions.
Financial Consideration
Funding was initially approved by CC and is still available and budgeted for in FY 2020/2021 General Fund budget 251310-63125. Funding for future fiscal years will be paid from that years approved budget.