SUBJECT
Consideration to award contract FY25-082 to the lowest responsive/responsible bidder Midas Contractors, Laredo, Texas in an amount up to $114,500.00 for the purchase and installation of a water irrigation system at Villa Del Sol Park median for the Parks and Recreation Department. The vendor shall provide all required equipment, materials, labor, supervision, and appurtenances to complete this turnkey project. Funding is available in the 2023 Certificate of Obligation Bond District 3 Priority Funds.
PREVIOUS COUNCIL ACTION
None.
BACKGROUND
The City received two (2) bids through Cit-E-Bid for awarding an annual supply/service contract to provide all required bonds, insurance, equipment, materials, labor, and appurtenances to complete this turnkey project. This contract shall be the responsibility of and administered by the vendor and the City of Laredo Parks & Recreation Department. The estimated completion date is 120 working days.
Pricing Summary:
Vendor Project Cost
Midas Contractors LLC. $ 114,500.00**
Quantum Construction $ 110,800.00** (Incomplete Price Schedule).
**A 15% mark-up will be used based on supplier invoice and not to exceed $5,000.00 for each item used in completion of this project. A contingency allowance of $5,000.00 will be use to satisfy cost of miscellaneous parts such as elbows, swing joints, couplings, T's, teflon, red and white wire, wire nuts, primer and adhesive, etc.).
A complete bid tabulation is attached.
COMMITTEE RECOMMENDATION
None.
STAFF RECOMMENDATION
Approval of motion.
Fiscal Impact
Fiscal Year: 2026
Budgeted Y/N?: Yes
Source of Funds: 2023 Certificate of Obligation Bond District Priority Funds
Account #: 476-3118-553-2010
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.