From
Glenda Peterson
Title
Price agreement for pavement marking services from Stripe-A-Zone (up to $464,583 annually) for one year with the option to renew for four additional one year periods totaling $2,322,915.00 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
Presenter
Ron McCuller, Public Works Director
Recommended Action
Approve
Analysis
This price agreement will be used for the installation of pavement markings throughout the City.
Notice of bid # 16113 was viewed by 13 vendors. There were two Grand Prairie vendors available for this commodity. One bid was received as shown on attachment A.
The pricing is reflective with the City's expectations Stripe-A-Zone meets all specifications and is recommended for award. Although they were the only bidder the pricing submitted was within our expectations for this type of work
Financial Consideration
Funds are available in the FY 2015/2016 budget under 232010 (Street Maintenance Sales Tax), 01610503 (FY16 Streets Maintenance Projects), 63115 (Signs/Markings Maintenance), and will be charged accordingly on orders through the end of the current fiscal year. Funding for future fiscal years will be paid from that year's approved budgets.