Laserfiche WebLink
providing the requested services to the NCDA. The joint venture proposal of Richardson, <br />Richter & Associates, Inc., Kenneth Stevens and Loch & Associates agreed to the contract <br />terms set forth in the RFP, but took minor exceptions to the insurance requirements. In <br />addition, the proposal requests a modification to the NCDA's escalation of fees payable under <br />the contracts be modified. Finally, the proposal demonstrated a clear understanding of the <br />NCDA's needs for project management services. <br /> <br />Staff recommends that the proposal of Richardson, Richter & Associates, Inc., Kenneth <br />Stevens, and Loch & Associates be selected and that the Chair of the NCDA be authorized <br />finalize negotiations and execute agreements with each of these firms for a term ending <br />December 31, 2008, with the option to extend the term of the agreements by mutual agreement <br />of the parties. The RFP provides that the contract maximum would be established by the NCDA <br />on an annual basis and incorporated into the agreement by amendment. Staff recommends <br />that the contract maximums through 2004 be as follows: <br /> <br />Richardson Richter & Associates, Inc. <br />Kenneth Stevens <br />Loch & Associates <br /> <br />$200,000.00 <br />$100,000.00 <br />$5O,OOO.OO <br /> <br />Action Requested: That the Executive Committee recommend that the NCDA select the joint <br />venture proposal of Richardson, Richter & Associates, Inc., Kenneth Stevens, and Loch & <br />Associates and authorize the Chair to finalize negotiations and execute agreements as outlined <br />above. <br /> <br />2 <br /> <br /> <br />