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� 6.1.K. - Page 4 <br /> PURCHASING AGREEMENT <br /> (Golden State Flow Measurement lnc.) <br /> This Agreement is made and entered into between the City of Redwood City ("City"), a <br /> municipal corporation, and Golden State Flow Measurement Inc., a corporation of Eldorado <br /> Hills, CA{"Vendor") (collectively "Parties") as of (the "Effective Date"). In <br /> consideration of their mutual covenants,the Parties hereto agree as follows: <br /> Material:Sensus Water Meters and Transceivers <br /> Prices:See Exhibit A. <br /> Orders:Orders will be made on an"as needed" basis during the contract period. <br /> Delivery: Deliveries shall be made F.O.B. Redwood City. All meters shall be delivered within one <br /> hundred twenty (120) days after placement of a Purchase Order Release by the Public Works Division. <br /> Failure to meet delivery may result in termination of the contract or, at the City's sole option, for each <br /> calendar day that delivery is delayed on each order the City will deduct the sum of$500.00 per calendar <br /> day from payment due or to become due to the Vendor, not as a forfeit or penalty, but as liquidated <br /> damages. This sum is fixed and mutually agreed upon since the actua) damages to the City and the <br /> public,which is caused by the delay,is impossible to determine. <br /> Invoice:Send invoices ta: <br /> City of Redwood City—Attn:Justin Chapel <br /> Public Works Division <br /> 1400 Broadway St. <br /> Redwood City,CA 94063-2505 <br /> Each invoice shall contain, at a minimum, the following information: invoice number and date; <br /> Vendor remittance address; "bill-to" and "ship-to" addresses; contract number; contract shipping <br /> order number; item description; unit prices and extensions;sales tax;and an invoice total. <br /> Packing Slip: Each delivery shall be accompanied with a legible packing slip, showing quantities, item <br /> descriptions,and a purchase order number. <br /> Cantract Term: The term shall be for a two (2) year period beginning the "Effective Date" of this <br /> agreement. <br /> Contract Extension: To promote efficiency and economy, the City reserves the right to extend the <br /> contract period for two (2) additional two-year periods. Such extension(s) will be at the City's option, <br /> subject to same terms, conditions, favorable prices, but unit pricing may be subject to increase based <br /> on manufacturer pricing.Vendor shall provide to City written evidence af any National Price increase(s) <br /> prior to contract renewal. Price increases to the City at contract renewal shall be the lesser of either: a <br /> three {3%) percent maximum unit price increase over the prior Contract Term unit price or equal to <br /> OEM Nationally Published Price Increase(s). <br /> Estimated Quantity: Estimates Quantity or expenditure shown on Exhibit A is merely an estimate of <br /> items to be purchased for the Contract Term. The City does not guarantee nor agree to purchase a <br /> minimum quantity or to purchase any remaining stock that the Vendor may have acquired in support <br /> of the contract. <br /> Page 1 of S <br /> A7lY/AGR/2013.090/PURCHASING AGREEMENT(GOLDEN STATE FLOW MEASUREMENT} <br /> REV:06-6-13 MLG <br />