23-01 ITB LUBE PRODUCTS

The City of Fairbanks entered into a two‑year contract to purchase a range of bulk lubricants, antifreeze, aviation hydraulic oil, and transmission fluid for its Public Works bulk‑tank facility. The solicitation was an Invitation to Bid (ITB 23‑01) that closed on 24 Feb 2023; only one vendor submitted a responsive bid, resulting in a sole‑bid award to Inlet Energy for a total contract value of $80,778.08. The contract runs from March 2023 through February 2025 with two optional one‑year renewals and a possible month‑to‑month extension. Delivery will be “as‑required” to the City’s bulk‑tank location, and the vendor must provide safety data sheets before final payment. • Scope: Supply of nine specified lubricant products (drums and pails) on a unit‑price basis. • Value: $80,778.08 (award price) with no local preference credit. • Terms: No bid security, no insurance required; payment 30 days after receipt of satisfactory invoice.