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West OrangeRed Risk

ClosedProfessional Services

415 Valley Rd – Bid for Communications Site Lease Agreement

BID #: 243

ISSUED: 1/11/2023

DUE: 2/9/2023

VALUE: $44,000.00

Rating

Risk Rank

Red Risk

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Executive Summary

The Township of West Orange is seeking bids for a Communications Site Lease Agreement for ground space at 415 Valley Road, Block 16, Lot 5. The agreement allows for the installation of communications equipment and simultaneous leasing of additional carriers at the site. Bids are to be submitted sealed by mail, overnight carrier, or in person to the Purchasing Agent by 11:00 AM on February 9, 2023. Specification documents can be examined at the Township's administrative office or requested digitally via email. The Township reserves the right to reject any or all bids and to waive informalities. A minimum rental bid of $44,000.00 per year is required, with 3% annual increases. Bidders must comply with all applicable New Jersey laws, regulations, and policies.

Detailed Risk Breakdown

local preference

No Flags Found

performance bond

Evidence Detected

4 CLAUSES FOUND

"...prescribed by law. The check or bond of the bidder to whom the contract is awarded shall be retained until a contract is executed and the required performance bond or other security is submitted. The check or bond of the successful bidder shall be forfeited if the bidder fails to enter into a contract. 3. BI..."

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liquidated damages

Evidence Detected

1 CLAUSES FOUND

"...Should the successful bidder fail to execute and deliver the Lease, as defined in Section 7, within one hundred eighty (180) days after bid award, the bidder forfeits to the Township, as liquidated damages, the bid security deposited with its bid...."

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