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SummitRed Risk

ClosedPublic Works & Infrastructure

RFP for Valet Parking Services Broad Street East Parking Lot

BID #: 4

ISSUED: 5/3/2016

DUE: 5/24/2016

VALUE: TBD

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Red Risk

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Executive Summary

This is a Request for Proposal (RFP) issued by the City of Summit Parking Services Agency for valet parking services at the Broad Street East Parking Lot. The selected contractor will manage approximately 200 non-resident commuter vehicles, including utilizing 115 marked spaces and valeting additional vehicles. Proposals are due by Tuesday, May 24, 2016, at 11:00 AM and must include a proposal security of 10% of the total bid, not exceeding $20,000.

Detailed Risk Breakdown

local preference

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performance bond

Evidence Detected

1 CLAUSES FOUND

"...Successful responder shall simultaneously with the delivery of the executed contract, submit an executed bond in the amount of one hundred percent (100%) of the awarded contract as security for the faithful performance of this contract...."

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liquidated damages

Evidence Detected

1 CLAUSES FOUND

"...tely 200 non-resident commuter vehicles. As an example, listed below is an established breakdown of the first 115 surface spaces based on the current $10 per day non-resident parking fee which depicts that the City will be paid (monthly) $9 per vehicle parked each day and the awarded contractor will keep a $1..."

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