This contract involves the repair and re‑installation of the turbine rotor for the #2 steam chiller at The College of New Jersey’s Administrative Services Building. The work is performed under a lump‑sum agreement with a $20,000 allowance for design enhancements or unforeseen issues, and includes requirements for prevailing‑wage compliance, Energy‑Star equipment, and strict warranty/close‑out procedures. The award was made to Industrial Cooling, LLC for a total contract value of $1,298,000, with construction slated to begin in early March 2025 and be completed by mid‑July 2025.
• Scope: mechanical repair of a large chiller turbine rotor and its re‑installation, including related sub‑contractor work.
• Schedule: bid opening 12 Sep 2024, notice to proceed 27 Sep 2024, field work 10 Mar 2025 – 12 Jul 2025.
• Financials: $1.298 M contract, 10 % bid bond, 100 % performance/payment bond, $20 k allowance, 15 % max subcontractor markup on change orders, liquidated damages at 0.05 % of contract value.