SUBJECT
title
Consideration to renew annual supply contract number FY22-062 with Core and Main from St. Louis, Missouri in an amount of up to $602,899.70 for the purchase of large diameter fittings 14-inch or greater mechanical joint (MJ) butterfly valves, MJ solid sleeves, MJ fittings, and mega-lugs for the Utilities Department. The term of this contract shall be for a period of one year beginning as of the date of its execution. There was no price increase during the last extension period. This contract can be renewed one additional one-year extension period, upon mutual agreement of the parties. These materials are purchased on an as needed basis by the Utilities Department-Water Operations for construction and repair projects. Funding is available in the Waterworks Fund.
body
PREVIOUS COUNCIL ACTION
Council approved a one-year contract on August 7, 2023.
BACKGROUND
This contract establishes pricing for the Utilities Department for the purchase of mechanical joint (MJ) butterfly valves, MJ solid sleeves, MJ fittings, and mega-lugs for a twelve-month period. There was no price increase during the last extension period. This is the second of three extension periods. This contract will be the responsibility of and administered by the vendor and the City of Laredo Utilities Department.
Pricing Summary:
Vendor MJ Butterfly Valves & Fittings
Core & Main Section I Total
$ 602,899.70
COMMITTEE RECOMMENDATION
None.
STAFF RECOMMENDATION
recommendation
Approval of motion.
end
Fiscal Impact
Fiscal Year: 2024
Budgeted Y/N?: Yes
Source of Funds: Water Works Fund
Account #: 557-4130-532-3015
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.