BY COUNCILOR STOVER:
RESOLVED, that API Heat Transfer be and hereby is awarded a contract for furnishing and delivering one DECC heating water loop - heat exchanger equipment package in accordance with specifications on its low specification bid of $113,063, terms net 30, FOB destination, payable out of Steam Fund 540, Department/Agency 920, Object 5530.
STATEMENT OF PURPOSE: This resolution will authorize the purchase of heat exchanger equipment for the DECC Heating water loop. Heat exchanger equipment package to be purchased from API Heat Transfer for $113,063 to be paid from Steam Fund 540. API Heat Transfer was the lowest bidder of eight companies that responded. The estimated amount for this project was $90,000. Req. No. 05-0386