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HobokenRed Risk

ClosedPublic Works & Infrastructure

Rfp 24-28 - For A Solar Energy Project Developer To Develop A Municipal Community Solar Automatic Enrollment Project And To Enter Into A Master Performance Agreement With The City Of Hoboken‍

BID #: RFP 24-28

ISSUED: 10/29/2024

DUE: 12/12/2024

VALUE: TBD

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Risk Rank

Red Risk

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Executive Summary

The City of Hoboken is seeking proposals from qualified developers for a municipal community solar automatic enrollment project. This project aims to participate in the Board of Public Utilities’ (BPU) Community Solar Energy Program (CSEP) and requires entering into a Master Performance Agreement (MPA) with the City. The city plans to utilize the BPU's "auto-enrollment" process to facilitate efficient customer enrollment, reducing project risk and cost. Sealed proposals are due by December 12, 2024, at 1:00 pm.

Detailed Risk Breakdown

local preference

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performance bond

Evidence Detected

1 CLAUSES FOUND

"...Bid security in the form of a certified check, cashier's check, or proposal bond in the amount of $20,000 must be submitted with the proposal, which may, at the Local Unit’s sole discretion, be forfeited to the Local Unit as liquidated damages if the successful proposer fails to properly execute and deliver the contract documents as required by the RFP...."

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