Number of unsuccessful, responsive bidders:
Vendor: Madison Service Company, Alhambra, IL
7/1/05 to 6/30/06 with 3 one-year renewals
The contract was awarded to Madison Service Company, all according to the terms and conditions of Bid #5173 on August 4, 2004.
The current time period is from July 1, 2005 through June 30, 2006. The University reserves the option to renew this contract for the period July 1, 2006 through June 30, 2007 under the same terms and conditions upon continuing need, availability of funds and favorable markets. The University also has the option to extend this contract for an additional two one-year periods; July 1, 2007 through June 30, 2008 & July 1, 2008 through June 30, 2009.
Daily price for unleaded regular gasoline specified herein, as determined from the "Chicago Oil Daily" pricing index on the date of delivery: plus fixed adjustment of $0.02/gal
Daily price for ethanol fuel as specified herein, as determined from ADM (Authur Daniel Midland), Decatur, Illinois, Posted Top Off Price or other Posted Top Off Price acceptable to the University: plus fixed adjustment of $0.02/gal based on $1.75/gal (8-3-04)
The price of gasoline determined from the index and the price of ethanol as determined by the Posted Top Off Price, combined with the fixed adjustment on each, plus the $00.19 per Illinois State Tax per gallon, shall constitute the total price, including delivery. The Illinois State Motor Fuel Tax of $0.19/gallon on gasoline only shall be shown separately on the billing.
The University award process may be delayed up to thirty days as this award goes through a state approval process.