The contract is for the supply and delivery of new commercial refrigerators to the Chicago Park District. The contract has a term of one year with an option for a one-year extension. The contract value is not to exceed $100,000. The contractor, T & N Chicago, Inc., will provide refrigerators that meet the technical specifications outlined in the contract. The contractor will deliver the refrigerators to various locations throughout the City of Chicago within 30 days of order.
• The contract includes a warranty provision that requires the contractor to provide a warranty for the term of the agreement, including any possible extension options.
• The contract includes a provision for price escalation, which allows the contractor to request a price increase if the costs of materials increase.
• The contract includes a provision for termination, which allows the Chicago Park District to terminate the contract if the contractor fails to fulfill its obligations.
• The contract includes a provision for dispute resolution, which requires the parties to resolve disputes through negotiation and mediation.
• The contract includes a provision for non-discrimination, which requires the contractor to comply with all applicable laws and regulations regarding non-discrimination.
• The contract includes a provision for sustainability, which requires the contractor to provide a statement of sustainability and to incorporate sustainable practices into its operations.