CTR055743_Contract_Amendment_Summary_Three_3_.pdf
PDF 3 MB Posted
- Attached to
- Master Agreement AZ|CTR055743
- Contract number
- CTR055743
- Issued by
- Arizona
About this file
This document is a Contract Amendment Summary from the Arizona Department of Transportation (ADOT) Procurement, involving Payson Concrete & Materials Inc. for a contract related to Aggregate Materials, Rip Rap, and Sand. The amendment (Number Three) is for contract CTR055743 and involves the Uniform Terms and Conditions, Section 5, Contract Changes. The amendment is dated May 21, 2024, and includes input from a Senior Procurement Specialist and approval from a Procurement Manager.
The amendment includes several key modifications: line items on an attached spreadsheet are changed, with a price increase documentation that will take effect on the upcoming renewal. Specifically, multiple line items related to delivery costs per loaded mile and cover material are removed. The contract is mutually extended from July 1, 2024, to June 30, 2025, unless terminated earlier. The price increase is justified by Payson Concrete and Materials Inc. due to inflation impacts on truck and equipment maintenance costs, with their overall retail pricing increasing more than 20%. The contractor requested and was granted a 5% price increase across rock products, citing market instability since the original contract bid in 2021, with supporting documentation showing significant increases in fuel (50%), freight (19-43%), and rock prices (30%).
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