City of Richmond Public Works and Transportation Committee Agenda Dec 2025

Contract Amount

$1,009,872 plus $201,974 contingency (total $1,211,846) excluding taxes for initial three-year term; maximum $673,248 plus $134,650 contingency (total $807,898) excluding taxes for two-year extension; five-year maximum $2,019,744 excluding taxes

Vendor

FOUNTAIN TIRE LTD

Agency

City of Richmond, Canada

Contract Type

SUPPLIES

Document Date

December 17, 2025

Contract Term

Initial three-year term with option to extend for an additional two-year term (total five years)

Renewal Info

Contract 8397P includes an initial three-year term with an option to extend for an additional two years based on satisfactory performance and operational needs, for a total potential term of five years. Contingency funds are built into both the initial term and the optional extension to handle unforeseen cost and usage changes.