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11/22/2016 (3)
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11/22/2016 (3)
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Last modified
12/10/2020 1:35:59 PM
Creation date
12/10/2020 1:32:55 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
11/22/2016
Meeting Body
Board of County Commissioners
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INTERNATIONAL, INC. <br />4450 US Highway 1 ♦ Vero Beach, Florida 32967, ♦ Telephone: (772) 569-5355 a Fax: (772) 567-2292 <br />October 20, 2009 <br />Jason E. Brown, Director <br />Management and Budget <br />1801 271b Street <br />Building A <br />Ref Indian River County Radio Maintenance Contract No. CII -05-818 <br />Dear Mr. Brown: <br />A problem exist with the referenced contract in paragraph 3.0 which has to do with the formula used to determine <br />the Consumer Price Index (CPI) in calculating the annual late increase and/or decrease. CII would like to propose <br />a change to the verbiage in the existing contract with intent to remove any ambiguity and provide a predictable <br />CPI for our contract in the early part of each year_ This will allow Indian River County to budget the maintenance <br />contract in preparation for the upcoming year. <br />The M=nt wal act Ian ie <br />The basis for this extension will be the consumer price index (CH) for all urban con wners of the Bureau of Labor <br />Statistics South Urban most recent publication prior to contract renewal The adjustment factor used to create price <br />ad ustment up or down for each unit price proposed is as follows: <br />Previous J2 manth CPI -U South Urban — CPI.ldjustmeni <br />Current year CPI -U South Urban <br />Proposed contract lane: <br />Use the Bureau of Labor Statistics webb site (b0:/Azwwbls.9QYAAAome.html <br />1. Select the "South Urban" region of the U.S. map. <br />2. Select the "More Formatting Options" <br />3. Select the "12 months Percent Change" <br />4. Select "Retrieve Data" <br />5. Scroll down to the current year and select the "Feb" number <br />6. This number will be used as a multiplier for the recent year total of the maintenance contract <br />This percent number is a 12 month percent change for the "South Urban" over the last 12 months as reflected in <br />February. <br />Please call me to discuss this matter should you desire. If you arc in agreement let me know and we will issue an <br />amendment to the referenced contract. <br />Sincerely, <br />Ai. <br />Robert Wm Stork Owner/CBO <br />91 <br />
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