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  5. ›Fuel Oil (NJCPA Coop BC-Bid 17-43)

Awarded contract·Bergen County, NJ·New Jersey

Fuel Oil (NJCPA Coop BC-Bid 17-43)

Won by Rachles/Michele's Oil Co Inc$510kSingle Award
Contract source

Awarded vendors

  • Rachles/Michele's Oil Co Inc

Description

This contract is for the supply of fuel oil to Bergen County, NJ, and its cooperative members. The contract has a 12-month renewal option period and a firm-fixed mark-up. The vendor, Rachles/Michele's Oil Co Inc, must contract directly with the cooperative members. The contract includes terms for delivery arrangements, placement of orders, and unapproved substitutes. Key points to consider: • The contract has a firm-fixed mark-up of 0.0500. • The estimated quantities for fuel oil #2 are 2500 gallons for the county and 201,350 gallons for cooperative members. • The vendor must accept written purchase orders or authorized verbal requests from authorized personnel. • Emergency deliveries must be made within 24 hours of receipt of a telephone request from authorized personnel.

Attached files

Key dates

Starts
1/1/2021
Ends
3/31/2021Renews
Duration
90 days

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Energy and Utilities
NAICS
424710
Solicitation №
42397

Contract value

$509,625

The contract value can be estimated based on the estimated quantities and the firm-fixed mark-up. Assuming an average price of $2.50 per gallon of fuel oil, the total value for the county would be approximately $6,250 (2500 gallons x $2.50 per gallon) and for the cooperative members would be approximately $503,375 (201,350 gallons x $2.50 per gallon). The total estimated contract value would be around $509,625. However, this is a rough estimate and the actual contract value may vary depending on various factors, such as the actual prices paid for fuel oil and the number of cooperative members participating in the contract.

AI estimate from the award documents

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