Vendor: A.M. Bus Company
Change Order Amount: $36,587.50
The purpose of this announcement is to modify the contract amount estimated at the beginning of the term for the rental of school type motor coach/buses with driver. The University awarded a contract for the rental of school type motor coach/buses with driver beginning September 1, 2014, for a two-year period in the estimated amount of $174,825 (87,412.50 per year). The amount was estimated based on historic expenditures.
Actual expenditures are never 100% predictable because they vary as a function of estimated data and information that may change. Actual expenditures for fiscal year 2015 have increased due to an increase in usage of buses to transport athletics team members and students.
This change order reports an increase in the estimated expenditure in the amount of $36,587.50, changing the contract total from $174,825 to $211,412.50 ($87,412.50 to $124,000 for the 2nd year of the initial 2-year term) to represent the projected spend at contract rates through the end of the initial term.
The State Purchasing Officer for this procurement is now Gary Reis.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
