Loading...
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