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Sourcewell. The evaluation and resulting recommendation is presented to the Chief <br />Procurement Officer by the Bid Review Committee and ratified by the Board of <br />Directors. <br />2.4 Sourcewell currently serves over 50,000 member agencies nationally. Both membership <br />and utilization of Sourcewell contracts continue to expand, due in part to the increasing <br />acceptance of Cooperative Purchasing throughout the government and education <br />communities nationally. <br />3. DEFINED GOALS OF THEIFI3 <br />3.1 The goal of this IFB is to establish a group of indefinite quantity construction contracts <br />(ICtCC) that Sourcewell and .Sourcewell Members may access to complete repair, <br />maintenance and minor new construction Projects at competitively bid prices. The <br />Contractors will perform an ongoing series of individual Projects for Sourcewell Members <br />at different locations primarily within the designated Geographic Area. <br />3.2 One of the major benefits to a Bidder is that one response may be prepared to receive a <br />single award that is potentially available to and accessible by many potential buyers from <br />government agencies, education, and nonprofit agencies throughout the Geographic <br />Area. The procurement activities of the Sourcewell Bid Evaluation Committee is limited to <br />document preparation, answering Bidder questions, advertising the solicitation, <br />distribution of this IFB upon request, conducting an evaluation and making <br />recommendation for possible approval to Sourcewell Chief Procurement Officer which is <br />later ratified by the Sourcewell Board of Directors. Contracts awarded through Sourcewell <br />are intended to comply with members' procurement laws to the best extent possible. <br />Sourcewell (Members are responsible to ensure that their applicable laws are satisfied. <br />After the award and contract phase, Sourcewell Members can issue Purchase Orders for <br />any amount without the necessity of preparing their own IFB, or gathering necessary <br />quotations. This saves Sourcewell Members time and allows for more economical and <br />efficient purchasing. <br />4. IQCC OVERVIEW <br />4.1 IClCC is a competitively bid indefinite quantity construction contract awarded to <br />Contractors to accomplish the repair, alteration, modernization, rehabilitation, and minor <br />new construction of infrastructure, buildings, structures, or other real property. The <br />Estimated Annual Value is based on the anticipated estimated annual use and the <br />Agreement term is one year with bilateral option terms. The IFB Documents include a <br />Construction Task Catalog (CTC) containing repair and construction Tasks with preset Unit <br />Prices. All Unit Prices are based on local labor, material and equipment prices for the <br />direct cost of construction. Once the Agreement is awarded, Sourcewell Members will <br />order Work from the CTC by issuing a Purchase Order against the Agreement. <br />4.2 Bidders will offer price adjustments (Adjustment Factors) to be applied to the CTC Unit <br />Prices. The Adjustment Factors represent either an increase to (such as 1.1000) or a <br />decrease from (such as 0.9800) the preset Unit Prices. The amount to be paid for the <br />Work ordered will be determined by: multiplying the preset Unit Prices by the appropriate <br />quantities and by the appropriate Adjustment Factor, The CTC and the Contractor's <br />Adjustment Factors will be incorporated into the awarded Agreement. <br />March 21019 Section Tv)Q — Instruction. to Bidders <br />