Title
Dept/ Agency: Finance
Action: (X) Ratifying (X) Authorizing ( X ) Amending
Type of Service: Professional Service Contract
Purpose: Resolution Authorizing Amendment to Contract to Increase Funds for Budget Advisory Services in the City of Newark
Entity Name: Bowman and Company, LLP
Entity Address: 601 White Horse Road, Voorhees, New Jersey 08043
Original Contract Amount: $98,936.00
Additional Amount: $178,682.00
Total Contract Amount: Amount not to exceed $277,618.00
Funding Source: Finance Department 2014 and 2015 Budget
Contract Period: March 31, 2014 to March 30, 2015
Contract Basis: ( ) Bid ( ) State Vendor (X) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions (X) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
Increase contract funds in the amount of $178,682.00, from $98,936.00 for a new total of $277,618.00. $98,936.00 has already been certified from the 2014 budget. Additional Funds of $178,682.00 are certified from the 2015 Budget.
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WHEREAS, the Municipal Council of the City of Newark on March 11, 2014, pursuant to Resolution No. 7R5-A(s), authorized the Mayor and/or his designee the Director of Finance to enter into a contract with Bowman and Company, LLP, 601 White Horse Road, Voorhees, New Jersey, 08043, for a total amount not to exceed $98,936.00, to perform Budget Advisory Services for the City of Newark, in accordance with the RFP Specifications; and
WHEREAS, the Resolution and Professional Services Agreement provide that the term of the contract will be established for one (1) year pursuant to N.J.S.A. 40A:11-3(b); and
WHEREAS, the City of Newark underestimated the amount of hours necessary to complete the scope of work outlined in the contract; and
WHEREAS, the outstanding bill requires an increase in the total contract amount; and
WHEREAS, the City of Newark ...
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