WUD21-073-01

The contract is for a comprehensive annual municipal utility rate study services, with the goal of providing a thorough analysis of the City of Tempe's utility rates. The contract was awarded to Stantec Consulting Services Inc, with a start date of January 15, 2021, and an end date of January 14, 2025. The contract has the option to renew after the end date. The scope of work includes conducting a comprehensive rate study, providing recommendations for rate adjustments, and assisting the City in implementing the new rates. The contract also includes provisions for payment, invoicing, and contract termination. Some key points of the contract include: * The City of Tempe reserves the right to terminate the contract if funds are not allocated for the project. * The contractor is required to comply with all applicable laws and regulations, including those related to employment practices and working conditions. * The contractor is also required to provide a copy of its antidiscrimination policy to the City. * The contract includes a pricing section, which outlines the payment terms and conditions. * The contract also includes a section on evaluation criteria, which outlines the factors that will be used to evaluate the contractor's performance. Some benefits of this contract include: * The contract provides the City of Tempe with a comprehensive analysis of its utility rates, which can help the City make informed decisions about rate adjustments. * The contract also provides the City with a qualified contractor who can assist with implementing the new rates. * The contract includes provisions for payment and invoicing, which can help the City manage its budget and financial resources. Some drawbacks of the contract include: * The contract is subject to termination if funds are not allocated for the project, which could impact the City's ability to complete the rate study. * The contract requires the contractor to comply with all applicable laws and regulations, which could be time-consuming and costly. * The contract includes a pricing section, which may be subject to change over time. Overall, the contract provides the City of Tempe with a comprehensive analysis of its utility rates and a qualified contractor to assist with implementing the new rates. However, the contract is subject to certain risks and challenges, including termination and changes to the pricing section.