they are lauren isel and sharon alfer that are here with us today. the purpose of this contract is to allow the port to provide a pool of contractors for services. the contract under the authority granted under chapter 6 of the administrator code. quickly, the terms of the contract, there are three contracts awarded to three firms that make up the ad-needed pool. each will have a contract for a maximum value of $1 million, so the total contract authorization is $3 million. the term is for three years, with an option for a fourth year. there is a 22% ld eagle. and each of the projects under these contracts, there it will be a contract service order issued for the contracts. and projects will be limited to $200,000 or less. funding will be drawn from a combination of operating funds or capital funds, depending on the project. and the funds will only be em m emcumbered when we issue a cso. such process will follow standard city's policy and procedures. come included an initial screening of the proposals. we initiate the rfq and they submit their proposa