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  5. ›Gasoline (NJCPA Coop BC-Bid-17-41)

Awarded contract·Bergen County, NJ - Administration & Finance, Division of Purchasing·New Jersey

Gasoline (NJCPA Coop BC-Bid-17-41)

Won by Rachles/Michele's Oil Co Inc$16.9MSingle Award
Contract source

Awarded vendors

  • Rachles/Michele's Oil Co Inc

Description

This contract is for the provision of gasoline to Bergen County, NJ, and its cooperative participants. The contract has a firm-fixed price and includes a 12-month renewal option. The vendor, Rachles/Michele's Oil Co Inc, will provide 87 octane unleaded gasoline, 89 octane unleaded gasoline, and 93 octane premium unleaded gasoline. The estimated quantities for each product are combined requirements for cooperative participants. The prices quoted are firm, net exclusive of all use, sales, and excise taxes, and must include all materials and supplies, transportation, pickup, loading costs, and debris removed. • The contract has a firm-fixed price with a mark-up carried out to four decimal places. • 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. • The contract includes a 12-month renewal option. • The vendor must provide the products and county contract prices to all local government jurisdictions enrolled in the county's registered cooperative programs.

Attached files

Key dates

Starts
1/1/2021
Ends
3/31/2021Renews
Duration
3 months

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Energy and Utilities
NAICS
424710
Solicitation №
42392

Contract value

$16,900,000

Based on the estimated quantities of gasoline and the firm-fixed prices, the contract value can be estimated. Assuming an average price of $2.50 per gallon, the total contract value for the initial 3-month period would be approximately $4,225,000 (1,690,901 gallons * $2.50 per gallon). Considering the 12-month renewal option, the total contract value would be around $16,900,000 (6,763,604 gallons * $2.50 per gallon). However, this is a rough estimate and the actual contract value may vary depending on the actual prices and quantities delivered.

AI estimate from the award documents

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