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A Resolution Approving the Renewal of the Master Agreement with V3 Companies, Ltd. for Professional Engineering Services in 2026 and Authorizing its Execution
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Introduction
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V3 Companies (along with three other firms) has been working with the Village since 2021 under a Master Agreement for providing professional engineering services using a task order system. The Master Agreement has a three-year initial term with the option for two one-year extensions. The initial three-year term of the Master Agreement expired at the end of 2024 and the initial one-year extension was authorized by the Village Board on December 3, 2024. This item is for the second and final one-year renewal of the existing Master Agreement with V3 Companies. V3 has done an excellent job designing and managing a variety of projects in the last four years.
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Recommended Action
Adopt the Resolution.
Prior Board Action
The Board has taken the following prior actions:
* On December 2, 2024 the Board approved the first one-year renewal of the Master Agreement with V3 Companies, Ltd. for Professional Engineering Services (RES 24-388).
* On September 20, 2021, the Village Board approved a Three-Year Master Agreement with V3 Companies, Ltd. for Professional Engineering Services with an option to renew the agreement for up to two additional one-year periods (RES 21-222).
Background
In 2021, the Engineering Division requested qualifications for various professional engineering services from eight consultants deemed most qualified based on a previous request for qualifications (RFQ) solicitation. The Engineering Division selected the four most qualified firms from this RFQ for entering into Master Agreements with a three-year fixed term and an option for two one-year extensions. The initial three-year term of the Master Agreement expired at the end of 2024 and was renewed to the end of 2025. This item is for a one-year renewal of the existing Maste...
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