Agenda - Council - 06/22/2010 - Laserfiche WebLink

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COST PROPOSAL PRICING INFORMATION The currently anticipated NTD Revenue Hours for the packages described above are set forth in Exhibit A and constitute the "Base NTD Revenue Hours." However, pursuant to the terms of the contract to be entered into by the Ramsey City Council with the successful proposer, the City Council will retain the right to revise the Contractor's Service Plan, along with corresponding adjustments in trip routes, time points on the trips, In-Service Hours for each trip, and NTD Revenue Hours. For this reason, the cost proposal form requires proposers to provide cost information and a total cost per NTD Revenue Hour (Rate) for each of three levels of adjusted total annualized NTD Revenue Hours as compared to the Base NTD Revenue Hours. The levels are as follows: · The Rate # 1 for a contract year applies when the annualized NTD Revenue Hours for the time period in question are ~ 80% to <90% of the Base NTD Revenue Hours specified for that same contract year. · The Rate #2 for a contract year applies when the annualized NTD Revenue Hours for the time period in question are ~ 90% to <110% of the Base NTD Revenue Hours specified for that same contract year. · The Rate #3 for a contract year applies when the annualized NTD Revenue Hours for the time period in question are ~ 110% to <120% of the Base NTD Revenue Hours specified for that same contract year. In evaluating the cost of providing the Ramsey Star Express Commuter Coach Transit Service, the Rate #1, Rate #2, and Rate #3 hourly rates for the eighteen contract months will be weighted as follows: · 20% weight will be given to Rate #1 · 70% weight will be given to Rate #2 · 10% weight will be given to Rate #3 The base rates that are proposed and accepted will be incorporated into the contract to be entered into by the City Council with the successful proposer. DEADHEAD ADJUSTMENT City Council revisions in a Contractor's Service Plan pursuant to the terms of the contract to be entered into by the City Council with the successful proposer may result in significant changes in the amount of DeadheCj.d Hours needed to provide the transit service required under the contract. Accordingly, the City Council has developed the following table which will become part of the contract to be entered into by the City Council with the successful proposer. Deadhead Index Rate #1 Column Rate #2 Column Rate #3 Column ~ 0.92 to <0.96 Rate # 1 times Rate #2 times Rate #3 times 0.94 0.94 0.94 2