2.-FF. ID 25-1303 Award a three-year contract, with options for two one-year extensions to Michelin North America, Inc. (Michelin), for radial tire leasing services for the FAX bus fleet, in the amount not to exceed $1,646,640.34 for the initial three-year base term or not to exceed $3,000,000.00 for all five years, if options for two one-year extensions are exercised. Service and product costs for the option years have factored in adjustments in accordance with the relevant Producer Price Index (PPI). (Bid File 12502217)