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West OrangeRed Risk

ClosedProfessional Services

COMMUNICATIONS LEASE AGREEMENT-280 Pleasant Valley Way

BID #: 271

ISSUED: 5/31/2023

DUE: 6/28/2023

VALUE: $44,000

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Risk Rank

Red Risk

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Executive Summary

The Township of West Orange is seeking bids for a Communications Site Lease Agreement. This solicitation is for the right to lease ground space at 280 Pleasant Valley Way, West Orange, NJ 07052 (Block 152.07, Lot 1) for the installation of communications equipment. Bidders will also lease simultaneous rights for additional communications carriers at the same site. Key requirements include a minimum annual rental bid of $44,000 with a 3% annual increase. Bids must be submitted in sealed envelopes by 11:00 a.m. on Wednesday, June 28, 2023, and will be opened publicly at the Township of West Orange, 66 Main Street, West Orange, NJ 07052. Specification documents are available for examination and digital copies can be requested via email. Bidders must comply with all applicable New Jersey laws and regulations, including the Americans with Disabilities Act.

Detailed Risk Breakdown

local preference

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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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