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Lead Closed

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West OrangeRed Risk

ClosedProfessional Services

COMMUNICATIONS LEASE AGREEMENT-415 Valley Road

BID #: 269

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 to lease ground space for the installation of communications equipment at 415 Valley Road, West Orange, NJ. Bidders will be responsible for the construction, installation, operation, and maintenance of antennas and associated ground equipment. Key requirements include a minimum annual rental bid of $44,000 with 3% annual increases, compliance with various state and federal regulations, and the submission of specific documentation as outlined in the bid package. Bids must be submitted by mail, overnight carrier, or in person by 11:00 a.m. on Wednesday, June 28, 2023.

Detailed Risk Breakdown

local preference

No Flags Found

performance bond

Evidence Detected

2 CLAUSES FOUND

"...Accompanying each bid shall be a bid security payment in the amount equal to ten percent (10%) of the initial year bid amount, but not in excess of $20,000...."

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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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