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  <br />City of Sunny Isles Beach | Invitation to Bid No. 17‐05‐01  18    <br />  <br />expiration of the then current contract term. In no event will the price be increased or decreased <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 Bidder, the City will <br />assume that the Bidder 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 /> <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 /> <br />The City reserves the right to reject any price adjustments submitted by the Bidder 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 Bidder. Renewals shall be exercised <br />only when such continuation is clearly in the best interest of the City. <br /> <br />Should the Bidder decline the City’s right to exercise the option period, the City may consider the <br />Bidder in default, which may affect the Bidder’s eligibility for future contracts. <br /> <br />NOTE: IF MULTIPLE BIDDERS ARE INVOLVED UNDER THE GIVEN CONTRACT, ANY <br />OPTIONS TO RENEW WILL BE RESTRICTED TO THE SPECIFIC ITEMS OF WORK <br />INITIALLY AWARDED TO ANY SPECIFIC BIDDER. <br /> <br />2.5 METHOD OF AWARD <br /> <br />Following the review of proposals, the lowest responsible, responsive bidder(s) meeting all terms, <br />conditions, and specifications of the ITB shall be recommended for award either by bid item, bid <br />group, or for the entirety of all bid items, as deemed in the best interest of the City. The City <br />Manager may also reject all proposals received. In determining the lowest responsible, responsive <br />bidder, and in addition to price, section 62-8 of the City Code provides that the City may consider <br />the following: <br /> <br /> The ability, capacity and skill of the bidder to perform the Contract. <br /> Whether the bidder can perform the Contract within the time specified, without delay or <br />interference. <br /> The character, integrity, reputation, judgment, experience and efficiency of the bidder. <br /> The quality of performance of previous contracts. <br /> The previous and existing compliance by the bidder with laws and ordinances relating to <br />the Contract. <br />