Bulk Fuel Purchases

The contract is for the purchase of bulk fuel, including diesel and unleaded gasoline, for the Tucson Unified School District. The contract has a term of 5 years, with the option to renew for additional years. The pricing is based on the OPIS Index, with a margin price added or subtracted to determine the final price. The contract also includes options for "Floating" prices based on daily or weekly OPIS Index, as well as a "Fixed" price option for one year. The successful bidder is required to provide a performance bond in the amount of $1,000,000. Key points to consider for similar contracts include: • The contract term and renewal options • The pricing structure and margin prices • The requirements for performance bonds • The options for "Floating" and "Fixed" prices • The need for a thorough understanding of the OPIS Index and its impact on pricing