Job Order Contracting (“JOC”) for General Contracting

The contract is for Job Order Contracting for general contracting services. The town will request that the contractor prepare a scope of work, cost proposal, project schedule, and supporting documentation for each individual job order. The contract has a term of two years, with the option to renew. The town will pay the contractor monthly, based on work performed and completed, and upon submission and approval of invoices. The contract includes a payment retention of 10% until the work is 50% complete, at which point it may be reduced to 5%.