All,
We bid out a purchase of a vehicle from Altec nearly 18 months ago. About 6 months ago, they sent us a letter saying that due to material costs, the price was going up 5%. Can vendors do this after there is already an agreement for a price in place, one that was bid out due to Oklahoma trust requirements? I'm looking at what action we can take. It's $11,000 dollars extra than what was bid.
Thanks,
John R. Andrew, J.D., M.P.A.
City Attorney, City of Ponca City, OK
PO Box 1450
Ponca City, OK 74602-1450
(580) 767-0337
andrejr@poncacityok.gov
All,
We bid out a purchase of a vehicle from Altec nearly 18 months ago. About 6 months ago, they sent us a letter saying that due to material costs, the price was going up 5%. Can vendors do this after there is already an agreement for a price in place, one that was bid out due to Oklahoma trust requirements? I'm looking at what action we can take. It's $11,000 dollars extra than what was bid.
Thanks,
John R. Andrew, J.D., M.P.A.
City Attorney, City of Ponca City, OK
PO Box 1450
Ponca City, OK 74602-1450
(580) 767-0337
andrejr@poncacityok.gov