The County of San Luis Obispo solicited bids for a new and unused ½ ton pickup truck. The truck must meet certain specifications, including a minimum warranty period of 3 years or 36,000 miles for the bumper-to-bumper warranty, and 5 years or 100,000 miles for the powertrain warranty. The truck must also have certain features, such as a V6 engine, automatic transmission, and power brakes. The contract was awarded to Courtesy Chevrolet, and the total bid price was $32,029.94. The key points of this contract are:
• The contract is for a new and unused ½ ton pickup truck
• The truck must meet certain specifications, including warranty period and features
• The contract was awarded to Courtesy Chevrolet
• The total bid price was $32,029.94
• The delivery date is 150 days from receipt of PO
• The contract has a liquidated damages clause, which states that the vendor shall pay $100 per day for each day of delay in delivery