REPORT TO THE CITY COUNCIL
FROM: JOE VARGAS, Director
Department of Transportation
BY: BRIAN BARR, Assistant Director
Department of Transportation
SUBJECT
Title
Award a professional service contract for physical inventory services to Bureau Veritas for a sum of $98,080.48 (RFP File 10090)
Body
RECOMMENDATION
Staff recommends Council Award a professional service contract for physical inventory services to Bureau Veritas for a sum of $98,080.48.
EXECUTIVE SUMMARY
The Department of Transportation/Fresno Area Express (FAX) as a recipient of Federal Transit Administration (FTA) federal funding, is required to follow the two distinct equipment management requirements of 2 CFR 200.313 and Title 49 Part 625, which includes maintaining property records, conducting and reconciling a physical inventory, and developing an adequate property control system.
To fulfill this obligation, FAX posted a Request for Proposals (RFP) and received two proposals to the solicitation. After review of the proposals by the evaluation committee, it was determined that Bureau Vertias best satisfies the criteria listed in the RFP.
BACKGROUND
The Department of Transportation/Fresno Area Express (FAX) as a recipient of Federal Transit Administration (FTA) federal funding, is required to follow the two distinct equipment management requirements from 2 CFR 200.313 and Title 49 Part 625, which includes maintaining property records, conducting and reconciling a physical inventory, performing condition assessments, and developing an adequate property control system.
The requirements of 2 CFR 200.313, includes equipment, with a useful life of one year or greater and a value of $5,000 or greater, acquired in whole or in part under federal award and until disposition. Property records must contain a description of the property, a serial number or other identification number, the source of funding for the property (including the FAIN), who holds title, the acquisition date, an...
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