|The total amount of award includes the following:|
Repair and maintenance services during normal business hours Monday - Friday 8:00am - 4:30pm - 275 annual estimated hours x $97.00 per hour = $26,675.00.
Repair and maintenance services outside normal business hours (after 4:30pm Monday - Friday and on Saturdays) - 1 annual estimated hour x $145.00 per hour = $145.00.
Repair and maintenance services on Sundays and Holidays - 1 annual estimated hour x $194.00 per hour = $194.00.
Estimated cost of supplies/materials used annually to perform services - $1,000.00 annual estimate + 15% vendor markup = $1,150.00.
Estimated Annual Grand Total = $28,164.00.
After the first year, the contract will increase 5% each year.
Initial 3 year term will be:
1st year = $28,164.00
2nd year with 5% increase = $29,572.20
3rd year with 5% increase = $31,050.81
Estimated total of 3 year initial term = $88,787.01.
Renewal options as follows:
1st renewal option with 5% increase = $32,603.35
2nd renewal option with 5% increase = $34,233.52
Estimated total of two 1-year renewals = $66,836.87.
Estimated total contract award = $155,623.88.