Purchasing Type: Renewal (REN)
Public Hearing: YES ☐ NO ☒ Department: Purchasing & Contracting
AGENDA ITEM:
Title
Commission District(s): All
REN - Road Construction Signs (Annual Contract - 2nd Renewal of 2 Options to Renew): Contract No. 976363 for use by the Department of Watershed Management (DWM) and Public Works - Roads and Drainage (R&D). Awarded to Korman Signs, Inc. Amount Not To Exceed: $75,000.00
Body
Information Contact: Talisa Clark, CPPO
Phone Number: (404) 687-2797
PURPOSE:
Awarded by the BOC on July 28, 2015 for an amount not to exceed $126,500.00. On May 10, 2016, the BOC approved the 1st renewal option for an amount not to exceed $136,500.00. This contract consists of providing various road construction signs and sign stands.
RECOMMENDATION:
Recommended Action
Recommend approval to exercise the 2nd renewal option through July 31, 2018 for an amount not to exceed $75,000.00 with:
Korman Signs, Inc., 3029 Lincoln Avenue, Richmond, VA 23228
Amount Not To Exceed: $75,000.00
ADDITIONAL INFORMATION:
1. Contract Effective Date: July 28, 2015
2. Contract Expiration Date: July 28, 2017
3. Amount Spent To Date: $69,180.01
$33,204.00 - Initial
$35,976.01 - 1st Renewal
4. Funding: Enterprise - Operating (DWM)
Special Tax District - Designated Services (R&D)