Estimated Amount for Solicitation: $3,750,000.00 This contract is for the rehabilitation using CIPP in pipelines where the condition merits rehabilitation. This contract will focus on existing pipelines that have been previously identified as candidates for CIPP and in a deteriorated condition requiring rehabilitation to maintain the integrity of the pipeline. African American 1.96% Hispanic American 6.71% Native/Asian American 0.21% WBE 1.09% The Contract will be for an Initial Term of twelve (12), with option of two (2) possible twelve (12) month terms. Extension of the Contract will be at the mutual agreement of both the OWNER and the CONTRACTOR. If the CONTRACTOR chooses not to renew, a hold over extension of the Contract term for up to 120 calendar days may be implemented by the OWNER to allow time for re-bidding. The OWNER reserves the right not to offer an extension. Work Assignments may be issued at any time during the term of the Contract. Work Assignments not completed by the expiration date of the Contract are subject to the terms and conditions of the Contract which will continue in full force and effect. The initial Contract Amount will not exceed one million two hundred fifty thousand dollars ($1,250,000) for the initial Contract Term and one million two hundred fifty thousand dollars ($1,250,000) for each extension option for a total potential Contract Amount not to exceed three million seven hundred fifty thousand dollars ($3,750,000). In the event available funding during a term has been expended, the City may initiate the early execution of an available extension option. Funding may be increased subject to the availability of funds and further approval of the Austin City Council. The CONTRACTOR will base its bid amount on the CONTRACTOR's unit prices and the estimated quantities of Work set forth in the Bid Form, which will only be used for the purpose of the comparison and evaluation of Bids. The OWNER will subsequently issue Work Assignments based on the OWNER's needs and not in accordance with the estimated quantities contained in the Bid documents up to the aggregated Contract Amount of three million seven hundred fifty thousand dollars ($3,750,000), subject to further appropriations. Each Work Assignment must be finally completed within the Contract Time established by the OWNER for each Assignment. The OWNER will consult with the CONTRACTOR regarding the duration of each Work Assignment, but the OWNER will have the ultimate discretion on the duration of the Assignment, which shall be reasonably determined. Work must continue through successive Working Days and approved working hours. The unit prices bid by the successful bidder shall remain firm throughout the initial t e rm of the Contract. Bid prices may be adjusted for Contract extensions on the basis of an increase or decrease of the existing prices upwards or downwards in accordance with the 20 City average Engineering News Record Construction Cost Index (CCI) (at the time of the notice of contract extension) divided by the most current 20 City average Engineering News Record Construction Cost Index at the time of bid opening. The adjusted prices will be included in a contract amendment and will remain firm throughout the Contract extension period. Upon receipt of the notice of the exercise of the option for an additional contract term by the OWNER, the CONTRACTOR must request a Bid price adjustment in writing or the then current Bid prices will remain in full force and effect. The prevailing wage rates, Section 00830, will be replaced at the time of each contract extension with the then current prevailing wage rates. All Bids shall be accompanied by an acceptable Bid guaranty in an amount of not less than five percent (5%) of the total Bid, as specified in Section 00100, Instructions to Bidders. Performance and payment bonds for the initial term of the Contract shall be executed on forms furnished by OWNER. Each bond shall be issued in an amount of one hundred percent (100%) of the not to exceed Contract Amount by a solvent surety company authorized to do business in the State of Texas, and shall meet any other requirements established by law or by OWNER pursuant to applicable law. In the event that the Contract is renewed for additional one-year terms, a new bond or rider to the then existing bond in the full amount of the total not to exceed Contract Amount must be provided for the additional term(s). OWNER reserves the right to reject any or all Bids and to waive any minor informality in any Bid or solicitation procedure (a minor informality is one that does not affect the competitiveness of the Bid).