Award of Request for Quotation No. 0713-19-7126 to Neptune Technology Group Canada Co. for Supply, Delivery and Warranty of Water Meters and Various Appurtenances for Installation in the City's Water Distribution System

Should the option(s) to renew be exercised, then the General Manager of Toronto Water Division will request the Chief Purchasing Officer to process the renewals under the same terms and conditions. Recommended Bidder: Neptune Technology Group Canada Co. Contract Award Value: $2,060,004 net of all applicable taxes and charges $2,327,805 including HST and all applicable charges $2,096,260 net of HST recoveries Contract is expected to start on date of award and end on June 30, 2020. Option Period 1 - From July 1, 2020 to June 30, 2021 $2,121,804 net of all applicable taxes and charges $2,397,640 including HST and all applicable charges $2,159,148 net of HST recoveries Option Period 2 - From July 1, 2021 to June 30, 2022 $2,185,458 net of all applicable taxes and charges $2,469,569 including HST and all applicable charges $2,223,922 net of HST recoveries Option Period 3 - From July 1, 2022 to June 30, 2023 $2,251,022 net of all applicable taxes and charges $2,543,656 including HST and all applicable charges $2,290,640 net of HST recoveries Option Period 4 - From July 1, 2023 to June 30, 2024 $2,318,553 net of all applicable taxes and charges $2,619,966 including HST and all applicable charges $2,359,359 net of HST recoveries The total potential contract award including all optional periods is $11,129,329 net of HST recoveries, $10,936,841 net of all applicable taxes and charges and $12,358,636 including all applicable taxes and charges. The above cost calculations for the Option Period reflects an estimated annual 3% increase as per the Consumer Price Index (CPI).