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HomeMy WebLinkAboutEDB Interior.Exterior Signs Contract Termination EXECUTIVE SUMMARY AGENDA ITEM: Request approval to terminate the Interior and Exterior Signs Contract with Colony Hardware Corporation ITB Bid No. 20/21-A18 Date: September 29, 2022 BACKGROUND: The contract with Colony Hardware Corporation for Interior and Exterior Signs, ITB Bid No. 20/21- A18, was awarded at the October 5, 2021, meeting. Staff received a letter of termination request from Colony Hardware Corporation to dissolve the contract on September 19, 2022. Due to recent economic changes, Colony Hardware Corporation is unable to honor the pricing and terms of the contract. Staff requests approval from the Board of Supervisors to terminate the contract. Per the contract, CCUA may terminate the contract, with or without cause, given thirty (30) days written notice to Contractor prior to effective date of such cancellation. co c RECOMMENDATION: 0 R o Staff respectfully requests the Board of Supervisors approve the termination of the Interior and Exterior E Signs contract with Colony Hardware Corporation. r as cc ATTACHMENTS: Termination Letter from Colony Hardware Corporation //AW(Author) //AW,RB,AB(Review) //JJ(Final) CO ■ _•1• IVY Colony Hardware 4211 Highway Ave Jacksonville, FL 32254 904-384-4999 9/19/22 Angelia Wilson Procurement Manager Clay County Utility Authority Dear Angelia, Colony Hardware is formally requesting to dissolve ITB# 20/21-A18 Interior and Exterior Signs Contract between Colony Hardware and Clay County Utility Authority, as per agreement can be terminated within 90 days of the contract end date. Sincerely, to Matt Gumbinger Outside Sales Colony Hardware