Dept/ Agency: Engineering Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Bid Contract Purpose: Annual Pothole Repair Contract Entity Name: Granada Construction Corporation Entity Address: 147 Thomas Street, Newark, New Jersey 07114 Contract Amount: $521,313.50 Funding Source: City of Newark/Capital Fund Contract Period: 365 consecutive calendar days from the issuance of a formal Notice to Proceed Contract Basis: (X) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: Bids Solicited: Three (3) Bids Received: Three (3) Bids Rejected: Bids Re-Solicited: Bids Received: Partial Certification of Funds for $291,313.50, balance of funding for contract will be extended as funds become available.