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Title:
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Dollar-Limit Increase to the Term Contract for Traffic Signposts for the Materials and Supply Warehouse (for the Transportation Department (Citywide)
This contract provides galvanized metal signpost materials that are used for the installation, replacement and/or relocation of traffic control and street name signs throughout the City. Due to underestimating the annual usage of this commodity when originally bid, an increase is needed to be in line with the department’s current needs.
The Business Services and the Transportation Departments and Purchasing recommend increasing the dollar-limit with Xcessories Squared Southwest Inc., by $10,900, from $54,100 to $65,000 for Year 2; by $35,900, from $29,100 to $65,000 for Year 3, with an annual increase allowance of up to 5%, or the adjusted Producer Price Index.
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