HomeMy WebLinkAbout2018-11-14 19-005 Order
11/14/201819-005
11/14/2018
19-005
Public Works
Order
N/A
Title, Order
Authorizing Award of Bid to Nortrax in the Amount of $184,900 for a Front End Loader (Life-cycle Cost)
This order will authorize the purchase of a front end loader from Nortrax for the net amount of
$89,900. As has been the City's practice when purchasing certain pieces of equipment, this loader
was bid utilizing the life-cycle costing method. Under this costing method, vendors must agree to
purchase the unit back at the end of a period for a predetermined price.
On October 17, 2018, the City received five (5) bids ranging from $89,900 - $136,814 net of the
required buyback. The recommendation is to award the bid to the low bidder, Nortrax, in the
amount of $184,900, with a guaranteed buyback of $95,000 for a net life cycle cost of $89,900.
Finance Committee
11/05/2018
Recommend for passage
50
Consent
11/14/201819-005
CITY OF BANGOR ORDER
11/14/2018
19-005
Sprague
Authorizing Award of Bid to Nortrax in the Amount of $184,900 for a Front End Loader (Life-cycle Cost)
Whereas, in the past, the City has utilized the life cycle costing method to purchase equipment; and
Whereas, under this costing method, vendors must agree to purchase the unit back at the end of a period for
a predetermined price.
Whereas, on October 17, 2018, the City received five (5) bids ranging from $89,900 - $136,814 net of the
required buyback.
Be it Ordered by the City Council of the City of Bangor that, the bid for a front end loader under the life cycle
cost method is hereby award to Nortrax, with a purchase price of $184,900 , a guaranteed buyback of
$95,000 which results in a net lifecycle cost of $89,900.
IN CITY COUNCIL
NOVEMBER 14, 2018
CO 19-005
PASSED
1/f ,
DEPUTY 'ITY CLERK