The contract is for the repair and maintenance of electric motors. The Town of Fountain Hills entered into an agreement with Precision Electric Co., Inc. for a term beginning on January 5, 2021, and ending on July 1, 2025. The agreement includes options for renewal and extension. The contract has a budget of $500,000. Key aspects of the contract include the purchase and repair/rewind of electric motors, and the agreement is subject to renewal and extension.
• The contract has a term of 4 years with options for renewal and extension.
• The agreement includes a budget of $500,000.
• The contract is for the repair and maintenance of electric motors.
• The Town of Fountain Hills has the option to extend the agreement on a month-to-month basis for a maximum of 6 months.
• The agreement is subject to renewal and extension.