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`'rY of 51S&' SN'- <br />by a percentage greater than the percentage change reflected in the C.P.I. as published by the <br />U.S. Department of Labor. If no adjustment request is received from the vendor, the City will <br />assume that the vendor has agreed the optional term may be exercised without pricing adjustment. <br />Any adjustment request received after the commencement of a new option period may not be <br />considered. <br />The City reserves the right to negotiate lower pricing for the additional term(s) based on market <br />research information or other factors that influence price. The City reserves the right to apply any <br />reduction in pricing for the additional term(s) based on the downward movement of the applicable <br />index. <br />The City reserves the right to reject any price adjustments submitted by the Vendor and/or to not <br />exercise any otherwise available option period based on the proposed price adjustments. Any <br />continuation of the contract beyond the initial period, and any option subsequently exercised shall <br />be at the sole discretion of the City, and not a right of the vendor. Renewals shall be exercised <br />only when such continuation is clearly in the best interest of the City. <br />Should the vendor decline the City's right to exercise the option period, the City may consider the <br />vendor in default, which may affect the vendor's eligibility for future contracts. <br />2.6 MINIMUM REQUIREMENTS FOR AWARD <br />Proposals will be considered only from vendors which are regularly engaged in the business as <br />described in this package; with a record of performance for a minimum of three years, must have <br />prior successful experience, the equipment, and the organization to ensure that they can <br />satisfactorily execute the service. Award of this contract will be made to the responsive and <br />responsible vendor who meets the minimum qualifications set forth in this solicitation. Those <br />qualifications are as follows: <br />• Must show proof that they conduct background checks on all employees upon award (as per <br />Section 2.11 in this bid). <br />• Provide a minimum of three (3) references in which similar goods and/or services have been <br />provided within the last two (2) years including scope of work, contact names, addresses, <br />telephone numbers, and dates of service. <br />• Provide a list and description of all equipment including, but not limited to, inflatable slides <br />(wet & dry), bounce houses, inflatable obstacle courses, rock walls, mechanical rides, carnival <br />games, and other event related activity or entertainment such as face painters, balloon <br />twisters, stilt walkers, costume characters, that will be available to complete work as outlined <br />in the Scope of Work. <br />• Maintain compliance with applicable inspections or required certifications needed to <br />operate each piece of equipment used, and be able to show proof of compliance. <br />City of Sunny Isles Beach I Request for Proposals No. 20-12-01 <br />