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Hampden awards town fuel contract to low bidder after hearing procurement options
Summary
Select Board accepted Lower Pioneer Valley procurement results and voted to award diesel and gasoline contracts to low bidder Dennis K. Burke, while authorizing the town administrator to monitor pricing and the option to lock futures pricing later in FY27.
The Select Board reviewed a regional procurement handled through Lower Pioneer Valley and discussed two pricing options for town fuel purchases: a spot‑market price plus overhead, or a fixed futures price lock for FY27. Town Administrator Brian explained how a futures lock would use the NYMEX heating oil settlement price listed in the Wall Street Journal for a designated future month.
Board members identified the low bidder as Dennis K. Burke for both diesel and gasoline and moved to award the contracts. The motion to contract with Burke for fuel was seconded and approved by voice vote.
Board members asked the administrator to continuously monitor market conditions and to exercise the option to lock a fixed price for part or all of the contract period if that becomes advantageous. No detailed vote tally by member name was recorded in the hearing transcript; the board announced the motion passed by assent.
Procedural note: the procurement and award were handled consistent with Lower Pioneer Valley purchasing; the board authorized the town administrator to finalize contract paperwork and review fixed‑price locking options for FY27.
