Dept/ Agency: Engineering Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Bid Contract Purpose: Third-Party Inspection Agency for Elevator Sub-Code Official Inspections and Plan Review Entity Name: EIC Inspection Agency Corporation Entity Address: 3705 Kennedy Boulevard, Jersey City, NJ 07307 Contract Amount: Sixty-four (64%) per cent (64%) of the listed fee schedule as promulgated by the State of New Jersey, Uniform Construction Code, N.J.A.C 5:23-4.20; plus, forty per cent (40%) administrative fee to the City of Newark Funding Source: No Municipal Funds Contract Period: May 19,2012 to May 18,2014 (plus one (1) year option to extend)Start and end dates 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: 3 Bids Received: 1 Bids Rejected: 0 Bids Re-Solicited: Bids Received: Contract #05-2012]