SUBJECT
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Consideration to renew supply/services contract number FY24-098 with Midas Contractors of Laredo, Texas in an annual amount of up to $270,000.00 and $540,000.00 for the remainder of the contract term. These services shall be purchased on an as needed basis by the Utilities Department for repairs and new projects. The term of this contract shall be for a period of one year beginning as of the date of its execution. This contract can be renewed for two additional one-year extension periods, upon mutual agreement of the parties. Funding is available in the Waterworks & Sewer System Funds.
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VIVA LAREDO PLAN ALIGNMENT
Alignment Rating: N/A
Supporting goal(s)/policy(ies): N/A
Summary of alignment: N/A
PREVIOUS COUNCIL ACTION
Approved a one-year contract on 9/16/24.
BACKGROUND
This contract establishes an hourly and cost-plus percentage rate on fencing repair services and materials supplied by the contractor. This contract has two (2) one (1) year extension periods. All services will be purchased on an as needed basis. The term of this contract shall be for a period of one (1) year beginning as of the date of its execution. This contract will be the responsibility of and administered by the vendor and the City of Laredo Utilities Department.
Pricing Summary:
Description Midas Contractors
Cost Plus Mark-Up on Materials 15%
Supervisor Hourly Rate (8 A.M. to 5 P.M.) $25.00
Supervisor Hourly Rate (5:01 P.M. To 7:59 A.M.) $37.50
Laborer Hourly Rate (8 A.M. to 5 P.M.) $15.00
Laborer Hourly Rate (5:01 P.M. To 7:59 A.M.) $22.50
A complete bid tabulation is attached.
COMMITTEE RECOMMENDATION
None
STAFF RECOMMENDATION
recommendation
Approval of motion.
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Fiscal Impact
Fiscal Year: 2025
Budgeted Y/N?: Y
Source of Funds: Waterworks & Sewer System Funds.
Account #: Waterworks & Sewer System Funds.
Change Order: Exceeds 25% Y/N: No
FINANCIAL IMPACT:
The purpose of this contract is to establish prices for the commodities or services needed should the City need to purchase these commodities or services. The City's obligation for performance of an annual supply contract beyond the current fiscal year is contingent upon the availability of appropriated funds from which payments for the contract purchases can be made. If no funds are appropriated and budgeted during the next fiscal year, this contract becomes null and void.