The Public Works Department recommends the bid of Arco Contractors Supply Co. be awarded the contract for Reinforcing Steel. The initial term of this contract will be one-year from the effective date.  The contract will automatically renew for up to four additional one-year periods unless terminated sooner pursuant to the City’s terms and conditions.  The estimated one-year expenditure is $96,211.20.
 

The Public Works Department currently contracts the purchase of reinforcing steel.  The contractor delivers various sizes of reinforcing steel to the Parkway Service Center as needed to repair sidewalks, streets, curbs, and alleys.

If this contract is not approved by City Council, Streets and Drainage Divisions will not be able to make permanent repairs to existing streets, sidewalks, curbs and alleys causing unsafe conditions for the citizens of Plano.

The funding for this contract is coming from the General Fund – Streets (01-742).

Funding for this item is available in the FY 2020-21 Street budget. This contract is an annual contract with four (4) one-year renewal options. The approximate total cost is $481,056, assuming all renewals are executed. The annual financial breakdown is: 2020-21 $96,211.20, 2021-22 $96,211.20, 2022-23 $96,211.20, 2023-24 $96,211.20 and 2024-25 $96,211.20. Funding for future year expenditures will be available in the Streets budget and are dependent on contract renewals. All future year expenditures will occur within Council approved appropriations.    

Approval of this agenda item supports the City's Strategic Plan Critical Success Factor of Excellent, Innovative, and Accountable City Government.