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  2. Finance Committee - Agenda - 6/6/2018 - P374

Finance Committee - Agenda - 6/6/2018 - P374

By dnadmin on Mon, 11/07/2022 - 11:38
Document Date
Wed, 06/06/2018 - 00:00
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 06/06/2018 - 00:00
Page Number
374
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__060620…

.

Attachment B

Optional: Vendor. is not required to compleie,

REVENUE SHARING: Specify the formula to determine payment to the City of Nashua. Identify the industry index to be used in
the formula

The City of Nasfua Division of Public Works would receive a rebate equal to the American Metals Market Boston export price for # 2 bundles
minus $375.00 for trucking, This system insures that the retum to the City of Nashua Division of Public Works would always reflect the true market
value of materials purchased. The AMM Boston export price for #2 bundles is most analogous to “municipal light iron" and has been used as an
index with many other accounts to advantage of both parties. Every month you would receive a screen capture date stamped with the current price.
The current AMM #2 bundle price is $205 per gross ion. This index has fluctualed between $185.00 per gross ton and $259.00 per gross ton over
the lasi. year.

RFP 1058-022818 Page 7 of 8 02/28/2018

Page Image
Finance Committee - Agenda - 6/6/2018 - P374

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