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West OrangeRed Risk

ClosedProfessional Services

COMMUNICATIONS LEASE AGREEMENT- 395 St. Cloud Ave

BID #: 270

ISSUED: 5/31/2023

DUE: 6/28/2023

VALUE: $44,000

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 the rental of a portion of Township-owned property at 395 St. Cloud Avenue. The lease will allow for the installation of communications equipment and additional carriers. Bidders are required to submit sealed bids by mail, overnight carrier, or in person by 11:00 a.m. on Wednesday, June 28, 2023. Specifications documents can be examined at the Township's administrative office or requested digitally via email. Key requirements include a minimum annual rental bid of $44,000 with 3% annual increases. Bidders must also comply with various federal, state, and local laws, 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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