HomeMy WebLinkAboutR-87-0915N.
' e7--87-827
9/26/87
RESOLUTION NO. 87--915,
A RESOLUTION AMENDING PARAGRAPH (A) OF
SECTION 2 OF RESOLUTION NO. 86-983, ADOPTED
DECEMBER 11, 1988, TO PROVIDE THAT THE CITY
OF MIAMI BID BOND VOUCHER PROGRAM FOR
MINORITY AND FEMALE FIRMS BE LIMITED TO
CONSTRUCTION CONTRACTS AMOUNTING TO
$200,000.00 OR LESS.
WHEREAS, Resolution No. 86-983, adopted December 11, 1986,
authorized the City Manager's establishment and implementation of
a bid bond voucher program for minority and female firms on
public works projects, for public works construction projects
amounting to $200,000.00 or less in cost; and
WHEREAS, said Resolution specifies that the City Manager may
waive the requirement of a performance bond for public works
contracts of $200,000.00 or less awarded to minority or female
firms but does not presently specify that the Bid Bond Voucher
issued to eligible certified minority firms waiving the bid bond
is similarly limited in its scope to public works contracts
amounting to $200,000.00 or less; and
WHEREAS, by this amendment, the City Commission reaffirms
the goals and principle reflected in Resolution No. 86-983, which
is in operative force and effect, and clarifies the intention of
the City of Miami to limit the bid bond voucher to otherwise
qualified firms relative to public works contracts amounting to
$200,000.00 or less;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The findings and recitals contained in the
preamble of this Resolution are hereby adopted by reference and
incorporated herein as if fully set forth in this Section.
Section 2. Section 2 of Resolution No. 86-983, adopted
December 11, 1986, is hereby amended in the following
CITY
MEETING OF
OCT `" '?, 1987
)N No. _ 87--9
partioulars:l
"Section 2. The City's Minority and Women procurement
Administrator shall administer the Program in accordance with the
following provisions:
A. Pursuant to the Policy established
herein for Mjblio works contracts amounting to
3200.000.00 or less, a Bid Bond Voucher Memorandum will
be issued by the Administrator to eligible certified
minority and women vendors to be submitted and accepted
in lieu of a required bid bond or certified check. A
separate Bid Bond Voucher Memorandum is required to be
issued to each eligible vendor for each contract 9
1200_000.00 or less upon which the eligible certified
vendor desires to bid.
PASSED AND ADOPTED this 22nd day of OcXo
E •
L
BAVIER L.
l
A
ffiRAI. CITY CLERK
PREPARED AND APPROVED BY:
E.
ATTORNEY
FORM AND CORRECTNESS:
A.
RSR/yv/H823
1987.
, MAYOR
.r
1 Undersoored words and/or figures shall be added. The remaining
provisions are now in effect and remain unchanged. Asterisks
indicate omitted and unchanged material.
-a-
8'7-915.
CITY OF MIAM1, FLORIDA 55
INTEROFFICE MEMORANDUM
To. Honorable Mayor and Members
of the City Commission
FROM:
Cesar H. Odi o --
City Manager
RECOMMENDATION:
DATE: u ' , 3 1981 FILE:
SUBJECT- Resolution Amending
Resolution No. 86-983
REFERENCES:
ENCLOSURES: Bid Bond Voucher Program
It is recommended that a resolution be passed amending
paragraph (A) of section 2 of resolution 86-983, adopted
December 11, 1986. Said resolution establishes bid bond and
performance bond requirements for City of Miami contracts;
the proposed amendment would limit availability of bid bond
vouchers to minority firms on contracts of $200,000 or less.
BACKGROUND:
The Department of Public Works has analyzed the situation,
and determined that there exists a need for a revision to the
present bid bond voucher program. Resolution 86-983, adopted
on December 11, 1986, restructured and consolidated the
performance bond and bid bond requirements for the City. The
intent of the resolution is to provide assistance to
qualified, small minority firms to participate in the City' s
bidding process.
When a surety company provides a contractor with a bid bond,
it is a guarantee of their intent to supply the contractor
with a performance bond also if the company is awarded a
contract for the bid amount. Florida Statutes exempt the
requirements for a performance bond on contracts for an
amount less than $200,000, but do require it for contracts of
a greater amount. A bid bond should also then be required on
those larger contracts to prevent contractors from bidding on
jobs for which they have no adequate bonding capacity.
The proposed attached resolution modifies paragraph (A),
section 2, of resolution 86-983, to include a limit of
$200,000 or less for the bid bond voucher memorandum which is
the same as the performance bond exemption.
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