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The provided text is an Invitation for Bid (IFB) document from the University of Arkansas, issued by the Office of Business Affairs. Here is a summary of the document: **Project Overview** The University of Arkansas is soliciting sealed bid proposals for the delivery of two condenser water pumps and two associated motors. **Bid Details** * Bid Number: IFB No. 08172026 * Bid Release Date: August 17, 2026 * Bid Due Date: August 31, 2026 * Bid Due Time: 2:30 PM CST * Bid Opening Event: 2:30 PM CST via Microsoft Teams **Respondent Requirements** * Respondents must comply with all articles of the Standard Terms and Conditions documents and the IFB document. * Respondents must submit one signed digital copy of their bid. * Failure to sign the bid as required will eliminate it from consideration. **Award and Contract** * The University of Arkansas reserves the right to award a contract or reject any or all bids. * The contract term will be for an initial period of four years, with an option to renew for three additional years. * The University of Arkansas may terminate the contract without cause, at any time during the term, by giving the contractor 30 days' written notice. **Pricing and Payment** * Pricing must be listed on the Official Bid Price Sheet, including shipping and handling charges. * Discounts must be listed as a percentage of the list price. * Payment terms are net 30 days, with no interest or late fees accruing until amounts are 60 days past due. **Warranty and Delivery** * Equipment must have a minimum 2-year standard warranty. * Delivery must be FOB Destination, with risk of loss passing to the University upon delivery. * Delivery must be within 30 days after receipt of purchase order, unless otherwise specified. **Governing Law and Disputes** * The IFB, any resulting contract, and all performance thereunder shall be governed by the laws of the State of Arkansas. * The State of Arkansas shall be the sole and exclusive venue and jurisdiction for any litigation or proceeding arising out of or in connection with the IFB or any contract. **Other Provisions** * The University of Arkansas reserves the right to add items to the contract throughout the term. * The contractor shall comply with all federal and Arkansas State laws, local laws, ordinances, orders, and regulations. * The contractor shall indemnify and hold harmless the University of Arkansas and its trustees, officials, employees, and representatives against any claims, demands, or liabilities.