Amendment to Blanket Contract Number 47023881 with Toromont Material Handling, a Division of Toromont Industries Limited for the supply and delivery of Lift Trucks

Fleet Services Division completed a review of the 2023 to 2025 replacement plan and concluded that there will be a funding shortfall. The additional funding will allow Fleet Services to continue supporting lifting equipment requisitions on behalf City divisions. This amendment is requested in response to the original under estimated contract value and escalating unit costs resulting from increased raw material costs, global supply chain challenges and significant production impact by supply chain disruptions, component shortages, labor shortages, and increased freight cost. The total amendment being requested for Blanket Contract Number 47023881 with Toromont is for an additional amount of $4,380,665 net of all applicable taxes and charges ($4,457,765 net of HST recoveries), inclusive of all optional renewal terms. General Government Committee approval is required in accordance with Section 71-11.1C of the Toronto Municipal Code Chapter 71 (Financial Control By-law), where the current request exceeds the allowable threshold of $500,000 net of all taxes and charges.

from $1,141,885 net of all taxes and charges ($1,161,982 net of Harmonized Sales Tax Recoveries) to $5,522,550 net of all taxes and charges ($5,619,747 net of Harmonized Sales Tax Recoveries).