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  5. ›SCRAP METAL RECYCLING

Awarded contract·City of Palm Bay·Florida

SCRAP METAL RECYCLING

$200kSingle Award
Contract source

Description

The City of Palm Bay is seeking proposals from vendors interested in paying the City for scrap metal located at various locations throughout the City. The proposal is based on the proposed payments to the City, on a price per pound basis, for ferrous and non-ferrous scrap metal. The price paid per pound will be a percentage of the current index price for the metals listed in the American Metal Market magazine. • The City does not guarantee a minimum or maximum amount of scrap metal that will be available for removal from its facilities. • The City will determine the amount of payment with reference to the index price in effect for each scrap metal as published on the first business day of the month in which the metal is removed. • The Evaluation Selection Committee will meet to discuss proposers for this project. • The meeting will be held on Wednesday, February 4, 2015, at 1:30 P.M. in the Purchasing Services office located in the City Hall – 2nd Floor.

Attached files

Key dates

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Utilities and Waste Management
NAICS
423930
Solicitation №
25-0-2015

Contract value

$200,000

The value of the contract cannot be determined with certainty, as the amount of scrap metal available for removal is not guaranteed and the price paid per pound will be based on the current index price for the metals. However, the contract seems to be based on a price per pound basis, and the city will determine the amount of payment with reference to the index price in effect for each scrap metal. Assuming an average price per pound of $0.10 and an average annual amount of 1000 tons of scrap metal (a rough estimate), the total value of the contract could be around $200,000 per year. However, this is a very rough estimate and the actual value could be higher or lower.

AI estimate from the award documents

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