Dept/ Agency: Water and Sewer Utilities Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Bid Contract Purpose: To provide Valve Inspection, Testing, Exercising and Assessment of Large Valves (16-inch and above) for City - Contract #11-WS2022. Entity Name: ValveTek Utility Services, Inc. Entity Address: 20 Lafayette Place, Kenilworth, New Jersey 07033 Contract Amount: Not to exceed $1,145,054.00 Funding Source: 2022 Budget/Department of Water and Sewer Utilities/NW037-750-7502- 71280-B2022 Contract Period: 730 calendar days from the date of a written Notice to Proceed to final completion Contract Basis: (X) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS (X) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: Bid Packages Distributed: Six (6) Bids Received: Two (2)