The following sealed bid was received in response to the subject solicitation.

Vendor                                                                                   Bid Amount
Pavement Technology, Inc., Westlake, Ohio                        $486,000.00

The Procurement and Contracts Division and the Streets and Stormwater Division have evaluated this bid and recommend award to the lowest, responsive and responsible bidder, Pavement Technology, Inc., Westlake, Ohio, for the purchase of application of rejuvenating agent on various streets.

The initial contract term is one (1) year with an option to renew for four (4) additional one (1) year terms.  This is an indefinite quantity contract.  Actual expenditures will vary as usage will be on an as-needed basis at the established unit prices and available funding.  Based on prior usage reports and information provided by the primary user, the estimated annual expenditure is $486,000.00.  

No City Certified M/WBE suppliers are registered for this commodity.

Approval of award to Pavement Technology, Inc. and authorize the Chief Procurement Officer to enter into an agreement and subsequent renewals with Pavement Technology, Inc. as indicated above in the estimated annual amount of $486,000.00, subject to review and approval by the City Attorney’s Office.