Laserfiche WebLink
<br /> 13 <br /> <br />CITY OF SUNNY ISLES BEACH <br />18070 Collins Ave. | Sunny Isles Beach, FL 33160 <br />305.792.1707 | sibfl.net | Purchasing@sibfl.net <br /> <br /> 2.4.1 OPTIONS TO RENEW – SUBJECT TO NEGOTATIONS <br /> <br />Prior to, or upon completion, of the first initial one (1) year term, the City shall have the option at <br />its sole discretion to renew the contract for four (4) additional one-year renewals. The contractor <br />agrees not to assign or transfer the contract, or any portion thereof, without written approval of <br />the City of Sunny Isles Beach. <br /> <br />Prior to completion of each exercised contract term, the City may consider an adjustment to price <br />based on changes in the following pricing index: Consumer Price Index for Urban Wage Earners <br />and Clerical Workers (CPI-W): Miami-Fort Lauderdale, FL. <br /> <br />The City reserves the right to request any pricing adjustment under this provision, which shall <br />include a minimum of 5% revenue increase to the City. For any adjustment to commence on the <br />first day of any exercised option period, the Firm’s request for adjustment shall be submitted no <br />later than ninety (90) days prior to expiration of the then current contract term. In no event will <br />the price be increased or decreased by a percentage greater than the percentage change reflected <br />in the C.P.I. as published by the U.S. Department of Labor. Any adjustment request received after <br />the commencement of a new option period may not be considered. <br /> <br />The City reserves the right to negotiate cost sharing compensation methods for the additional <br />term(s) based on market research information or other factors that influence price. The City <br />reserves the right to apply any reduction or increase in pricing/revenue for the additional term(s) <br />based on the downward movement of the applicable index. <br /> <br />2.5 METHOD OF AWARD <br /> <br />After evaluation, the award recommendation must be presented to City Commission Members <br />for final approval. Award will be made to the responsible proposer whose proposal is determined <br />to be the most advantageous to the City, taking into consideration total cost/revenue and all other <br />evaluation factors set forth in the Request for Proposals. <br /> <br /> See section 4 of this solicitation. <br /> <br />2.6 COMPENSATION <br /> <br />The City intends for interested proposers to fully fund this activation, with the possibility of a <br />revenue-sharing arrangement. The proposer’s budget for this activation must comprehensively <br />cover all aspects of the project, including concept development, design planning, materials, <br />installation, staffing, technology operations, ongoing maintenance, and final disassembly. <br /> <br />The prices/revenue proposed by the selected firm shall remain fixed and firm during the term of <br />contract, in addition to the prices quoted for the optional renewal periods. The firm’s quoted price <br />must include all labor cost and total cost of providing services including, but not limited to, the <br />following: overhead, profit, travel time, service charges, repair equipment. The awarded proposer <br />agrees to keep this offer open for acceptance for One Hundred Twenty Days (120) after date of <br />opening the proposals. <br />