The contract is for infrastructure repair and replacement in Orange County, Florida. The contractor, Stage Door II, LLC, will perform work including replacing concrete, installing new concrete, and constructing pedestrian ramps. The contract has a term of one year, with the option to renew for two additional years. The estimated contract amount is $4,378,870.00. The contractor will be paid based on a unit price schedule, and the county reserves the right to itemize expenses in the fee schedule. Some key points include:
• The contract may be renewed for two additional years.
• The contractor will provide written notification when 90% of the total contract amount has been reached.
• The contractor shall not proceed beyond 100% of the total contract amount unless duly authorized by a written change order.
• The county reserves the right to itemize expenses in the fee schedule.
• The contract includes a price escalation provision, which allows the contractor to request a price increase based on the Producer Price Index (PPI).
The key information to help the client decide how similar this contract is to their own business specialties includes the scope of work, the contract term, and the payment terms. The client can use this information to determine if their business can provide similar services and if the contract terms are favorable.