The Beginning Index (BI) is for the prior 12-month period.The Adjustment Index (AI) is for the month immediately preceding the adjustment date.Department of Labor, Bureau of Statistics (Index) for the Los Angeles-Riverside-Orange County area. Consumer Price Index (CPI) is published monthly by the U.S.In summary, the following proposed provisions would be added to the agreement:įor each of the one-year renewal terms, pricing shall be negotiated and agreed upon prior to the expiration date of the then current term based on the following: Maintenance has an annual budget amount of $180,000. The agreement term is for one year commencing on Octoand may be extended for up to four (4) one year terms upon agreement by both parties. Upon renewal, the agreement allows for a cost-of-living adjustment, however, it did not include the methodology to calculate the Cost-of-Living adjustment increases.
In 2015, Minco Construction was awarded the City of Brea concrete maintenance agreement for the removal and replacement of sidewalk, curb, and gutter throughout the City.
Amendment to Agreement with Minako America Corporation dba Minco Construction for Removal and Replacement of Sidewalks, Curbs, and Gutters.Īpprove Amendment with Minako America Corporation dba Minco Construction for Removal and Replacement of Sidewalks, Curbs, and Gutters.
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