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West OrangeRed Risk

ClosedProfessional Services

Bid for Communications Site Lease Agreement at 395 St. Cloud Ave

BID #: 244

ISSUED: 1/11/2023

DUE: 2/9/2023

VALUE: $44,000.00

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Red Risk

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Executive Summary

The Township of West Orange is soliciting bids for a Communications Site Lease Agreement for the right to lease space at 395 St. Cloud Avenue for the installation of communications equipment. Bids are to be submitted by mail, overnight carrier, or in person by 11:00 a.m. on February 9, 2023. Specifications are available for examination at the Township's administrative office, and digital versions can be requested via email. A minimum annual rental bid of $44,000.00 is required, with a 3% annual increase over the contract term. Bidders must comply with various state and federal regulations, including those related to equal employment opportunities and affirmative action.

Detailed Risk Breakdown

local preference

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performance bond

Evidence Detected

1 CLAUSES FOUND

"...The check or bond of the successful bidder shall be retained until a contract is executed and the required performance bond or other security is submitted...."

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liquidated damages

Evidence Detected

1 CLAUSES FOUND

"...Should the successful bidder fail to enter into a Lease, substantially similar to the Sample Lease Agreement attached to these specifications, or or perform under the parameters of this bid, then the Township shall have the right to award to the next highest bidder...."

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