SUBJECT/RECOMMENDATION:
Title
Approve a Blanket Purchase Order with Capitol Foundry of Virginia Inc, of Virginia Beach, VA in the annual amount of $300,000.00 with the option for two, one-year term extensions for the purchase of stainless steel manhole inserts and authorize the appropriate officials to execute same. (consent)
Body
SUMMARY:
In response to the Invitation to Bid ITB 04-17, seven were received on December 21, 2016. Capitol Foundry of Virginia, Inc. represented the lowest responsive, responsible bidder for stainless steel manhole inserts. Rowland, Inc. is considered nonresponsive because they did not bid on the 23-inch manhole inserts and the products submitted did not meet specifications.
Capitol Foundry of Virginia, Inc. will provide 22 in., 23 in. and 23 ½ in. stainless steel manhole inserts to Public Utilities Department. The contract will be effective January 20, 2017 for a one-year period in the annual amount of $300,000.00 with two, one-year renewal options.
APPROPRIATION CODE AND AMOUNT:
0327-96665-563800-535-000-0000 $300,000.00 FY 16/17
Sufficient funding is available in the Utility Renewal and Replacement Fund 0327-96665, Sanitary Collect & Transmission R & R, in the amount of $300,000.00, to fund the current fiscal year’s cost of the contract.
USE OF RESERVE FUNDS: N/A