Award of Doc4065677598 to 8906297 Canada Inc. Operating as Flying Colours International for the Non-Exclusive Supply and Delivery of Flags for Purchasing and Materials Management (Stores)

The Request for Quotation is structured to award a contract to the lowest supplier meeting specifications and providing the lowest total bid price of the Pricing Form. Prior to the renewal of the contract, Purchasing Materials and Management Division will perform a market analysis to verify the current market conditions as compared to the proposed increase by the vendor and that the Stores Division will monitor vendor performance during the first term of the contract. Should the option year(s) be exercised, then the Manager of Materials Management and Stores will request the Chief Procurement Officer to process the renewals under the same terms and conditions. Recommended Supplier: 8906297 Canada Inc. operating as Flying Colours International Contract Award Value: $105,032 net of all applicable taxes and charges (including 20 percent for miscellaneous items) $118,686 including HST and all applicable charges. $106,881 net of HST recoveries Contract is expected to start on date of award and end on January 31, 2025 Option Year 1 (February 1, 2025 to January 31, 2026) $108,183 net of all applicable taxes and charges (including 20 percent for miscellaneous items) $122,247 including all applicable taxes and charges. $110,087 net of HST recoveries Option Year 2 (February 1, 2026 to January 31, 2027) $111,429 net of all applicable taxes and charges (including 20 percent for miscellaneous items) $125,915 including all applicable taxes and charges. $113,390 net of HST recoveries Option Year 3 (February 1, 2027 to January 31, 2028) $114,771 net of all applicable taxes and charges (including 20 percent for miscellaneous items) $129,691 including all applicable taxes and charges. $116,791 net of HST recoveries Option Year 4 (February 1, 2028 to January 31, 2029) $118,215 net of all applicable taxes and charges (including 20 percent for miscellaneous items) $133,583 including all applicable taxes and charges. $120,295 net of HST recoveries The total potential contract award including all option years is $557,630 net of all applicable taxes and charges, $630,122 including all applicable taxes and charges and $567,444 net of HST recoveries. The above cost calculations reflect a 3 percent Consumer Price Index adjustment applied annually to each year's cost after the initial one (1) year period.