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It is the intent of the City of Alexandria to secure pricing on the Testing and Maintenance of Substation Transformers, Circuit Breakers, and Related Equipment for the City of Alexandria. This service contract shall remain in effect for a period of twelve (12) months from proposal award date. Contingent upon the availability of funds, and the ability of the successful proposer to honor the quoted price(s), the City reserves the right to renew the existing contract for a period of up to two (2) additional years, in one year increments, with a sixty (60) day funding out clause.