Award of Doc4864874854 to Develotech Inc. for the Non-Exclusive Supply and Delivery of Bike Lane Bollards and Related Items for Purchasing and Materials Management (Stores)

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: Develotech Inc. Contract Award Value: $ 235,692 net of all applicable taxes and charges $ 266,332 including HST and all applicable charges. $ 239,840 net of HST recoveries Contract is expected to start on date of award and end on January 31, 2026. Option Year 1 (February 1, 2026 to January 31, 2027) $242,763 net of all applicable taxes and charges (including 20 percent for miscellaneous items) $274,322 including all applicable taxes and charges. $247,035 net of HST recoveries Option Year 2 (February 1, 2027 to January 31, 2028) $250,046 net of all applicable taxes and charges (including 20 percent for miscellaneous items) $282,552 including all applicable taxes and charges. $254,446 net of HST recoveries Option Year 3 (February 1, 2028 to January 31, 2029) $257,547 net of all applicable taxes and charges (including 20 percent for miscellaneous items) $291,028 including all applicable taxes and charges. $262,080 net of HST recoveries Option Year 4 (February 1, 2029 to January 31, 2030) $265,273 net of all applicable taxes and charges (including 20 percent for miscellaneous items) $299,759 including all applicable taxes and charges. $269,942 net of HST recoveries The total potential combined contract award identified in this report including option years is $1,251,321 net of all applicable taxes and charges, $1,413,993 including all applicable taxes and charges. The total potential cost to the City including option years is $1,273,344 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.