From
Gary Yakesch
Title
Price agreement for wholesale food & kitchen supplies from Ben E. Keith up to $100,000 annually for one (1) year with the option to renew for four (4) additional one (1) year periods totaling $500,000 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 annual renewal terms
Presenter
Rick Herold, Director Of Parks, Arts, & Recreation
Recommended Action
Approve
Analysis
Wholesale food supplies purchased under this agreement are consumable products used to generate food and beverage sales, as determined by menu(s), for customers of the Ruthe Jackson Center, The Summit, and other venues as needed; Kitchen supplies are those supplies required for the production and/or delivery of the wholesale food supplies (paper products, cooking oils, to go boxes, etc.).
Notice of bid #16082 was advertised in the Fort Worth Star Telegram, the State’s Electronic Business Daily, and Bid Sync; the bid was viewed by twenty-five (25) vendors; there were no Grand Prairie vendors available for this commodity. One (1) bid was received from Ben E Keith; this bid did meet specifications and thus is recommended for award.
Due to varying prices of food commodities throughout the year, this price agreement is based on a percentage discount from list price. Ben E. Keith will provide a 30% discount from list price on all products except fresh meat products which are offered at a 10% discount from list price.
Financial Consideration
Funds are available in the FY 2015/2016 budget 351110-60320 and 351710-60320; funds will be charged as needed based on business need through the end of the current fiscal year. Funding for future fiscal years will be paid from that year’s approved budget(s).