Fasteners and Stock Replenishment Services

The City of St. Petersburg has entered into a contract with Merit Fasteners Corp for the provision of fastener services, including stock replenishment services. The contract has a term of 5 years, with an option to renew for an additional 2 years. The City has a minimum requirement of $576,272 for the contract. Merit Fasteners Corp will provide all labor, materials, supervision, tools, inventory, equipment, and vehicles necessary for the sale of fasteners and stock replenishment services. The company will also provide consistent, regularly scheduled visits to each facility to organize and inventory stocking bins and compile a recommended replenishment order to meet the City's minimum/maximum requirements. Some key features of the contract include: * The City has the right to inspect the goods within a reasonable time not to exceed 10 business days after delivery. * The City has the right to reject any goods that do not conform to the specifications. * Merit Fasteners Corp is responsible for delivering the goods to the City within 5 business days of receipt of a purchase order. * The City will pay Merit Fasteners Corp within 30 days of receipt of an invoice. * The contract includes a warranty period of 12 months from the date of delivery. * Merit Fasteners Corp is required to maintain sufficient inventory to meet the requirements of the City on a consistent basis. * The company is required to provide order tracking and expediting services to ensure timely deliveries. * The contract includes provisions for the return of surplus or obsolete inventory, with Merit Fasteners Corp responsible for issuing full credit to the City for the return of resalable condition obsolete stock.