basically, as you can see, olin, the recommended bidder was the low bidder. if you look at the three-year cost, the next low bidder is about $2 million higher, an increase of about 14%. the third bidder was almost $5 million higher, about 34.5% more. the low bidder, olin, is the largest producer of sodium hypochlorite in california and north america. this is unique in the industry. the product is produced in tracy, calif., and at four plants in the western u.s. to ensure continual product availability. olin has been in business for over a hundred years and the city has approximately 20 years of experience working with this company. as was pointed out in the report, based on the estimated usage, this contract would save the city over $726,000, approximately 13% over the first year. this is compared to current expenditures for the same product. we estimate the contract now will be approximately $14 million for the first three years of the contract. we have requested the board approved a not to exceed amount of $23.5 million, which would allow oca to exercise on