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Approval of Increase to Cap Price Agreement with Franks Supply Company Inc. Covering Facilities Maintenance and Repair Supplies and Services
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Albuquerque Bernalillo County Water Utility Authority (Water Authority) staff herby requests an increase to the price agreement cap with Franks Supply Company Inc. for Facilities Maintenance and Repair Supplies and Services to $750,000.
If approved by the Board, the Water Authority will issue an amended price agreement to enable Franks Supply Company Inc. to continue to provide Facilities Maintenance and Repair Supplies and Services. This price agreement has been in place since 2021 and covers critical items needed for various departments across the Water Authority. Approval of this item shall also serve as delegation of authority for the Executive Director to approve all future amendments to this contract if required.
FISCAL IMPACT:
No impact on the FY2025 budget is expected since the purchase of these goods and/or services will be paid for with funds already appropriated for this specific purpose.