Roadway Surfacing, Reconstruction & Preservation (Piggyback SLC #C20-10-767)

The contract is for roadway surfacing, reconstruction, and preservation services between the City of Port St. Lucie and Pavement Technology, Inc. The contract has a term of 5 years, with an initial term of 2 years and 3 additional 1-year renewal periods. The estimated annual expenditure is $500,000. The contract includes provisions for insurance, audits, and termination. The scope of work includes roadway resurfacing, reconstruction, and preservation services. Key points to consider: • The contract is a piggyback agreement, allowing the City of Port St. Lucie to utilize the contract between St. Lucie County and Pavement Technology, Inc. • The contract includes a price increase for Reclamite Asphalt Rejuvenating Services due to rising crude oil prices and inflation. • The contract requires Pavement Technology, Inc. to maintain certain insurance coverage, including workers' compensation, commercial general liability, and automobile liability. • The contract includes provisions for audits and termination, with the City reserving the right to terminate the contract at any time with or without cause.