Title
Resolution - Approval of the Addition of Vendor to the Overhead Construction Contract - W McKee
Other Info
Submitted By: Wayne McKee
Department: Operations
Financial Impact and Cost/Benefit Considerations: No additional budget amounts needed for implementation of this resolution.
Discussion
On March 20, 2017, the Board approved a resolution for overhead line construction service agreements for three contractors for a period of 5-years and up to $67,000,000 per contractor. The aggregate amount for the agreements not to exceed $201,000,000 for these designated vendors.
The Board will now consider consolidating the aggregated funds for all designated vendors and authorizing the addition of a vendor for overhead line construction services. The additional vendor, MasTec, previously participated in the RFP process. The term of any agreement with MasTec will expire at the same time as the originally approved construction contractors.
Body
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF PEDERNALES ELECTRIC COOPERATIVE, INC. that the Cooperative authorizes the Chief Executive Officer, or designees, to negotiate, execute and deliver an additional contract to MasTec for line construction services; and
BE IT FURTHER RESOLVED, that the Cooperative consolidate all funds for its overhead line construction service agreements and reallocate the funds as necessary among the designated vendors; and
BE IT FURTHER RESOLVED that the Chief Executive Officer, or designee, is authorized to take all such actions as needed to implement this resolution.