A20 ADMINISTRATIVE REPORT Date: November 22, 1996 File No. CREP068.wpd TO: Vancouver City Council FROM: General Manager of Engineering Services and Manager of Pur- chasing Services SUBJECT: CONTRACT EXTENSION - CONTRACT NO. 56-96-01 THE SUPPLY OF ASPHALTS - LIQUID &PAVING (GRADE 80-100 AND MC250) RECOMMENDATION THAT Council approve the extension of the contract to Imperial Oil for the supply and delivery of Grade 80-100 and MC250 liquid asphalt, for an additional 12-month period, at an annual estimated cost of $744,649 including the Provincial Sales Tax, where applicable, and the 7% Goods and Services Tax (less the anticipated receipt of the municipal r e b a t e ) . COUNCIL POLICY The policy of Council is to award contracts for the purchase of equipment, supplies and services that will give the highest value based on quality, service and price. Contracts with a value over $300,000 are referred to Council for award. DISCUSSION On January 11, 1996, Council awarded a 12-month contract to Imperial Oil, the low bid, for the supply and delivery of liquid and paving asphalts at an annual estimated cost of $744,649 including the Provincial Sales Tax, where applicable, and the 7% Goods and Services Tax (less the anticipated receipt of the municipal rebate). The contract provides for two 12-month extensions by mutual agreement between the City and the contractor. This is the first 12-month extension. Imperial Oil has agreed to extend the contract for a second 12-month period, under the existing terms and conditions, as set out in the contract. - 2 - Considering that Imperial Oil has been a satisfactory supplier, it is recommended that the contract be extended for an additional 12-month period. * * * * *