This contract is for a Micromobility Program between Orange County, Florida, and Neutron Holdings, Inc. dba Lime. The program involves the provision of professional/consultation services in the area of micromobility. The contract has a duration of 3 years, with the option to renew for two additional one-year periods. The contract requires the vendor to provide an irrevocable letter of credit in the amount of $25,000 and maintain certain insurance coverage. The vendor must also comply with various laws and regulations, including those related to employment, nondiscrimination, and environmental protection. Key aspects of the contract include:
• The contract term is from November 1, 2023, to October 31, 2026, with renewal options.
• The vendor must provide an irrevocable letter of credit in the amount of $25,000.
• The vendor must maintain commercial general liability insurance with limits of $2,000,000 per occurrence and $5,000,000 policy aggregate.
• The vendor must comply with all applicable laws and regulations, including those related to employment, nondiscrimination, and environmental protection.
• The contract includes provisions for termination, dispute resolution, and contract amendments.