The contract is for the provision of career and technical education equipment and supplies to the School Board of Sarasota County, Florida. The contract has a term of one year, with the option to renew for two additional one-year periods. The contractor, Laguna Tools Inc., is required to provide a minimum fixed percentage discount off the manufacturer's list price or MSRP for the equipment and supplies. The contract includes provisions for payment, delivery, and return of goods, as well as requirements for insurance and background checks. The School Board reserves the right to terminate the contract at any time, with or without cause. Key aspects of the contract include:
• The contractor must provide a percentage discount off the manufacturer's list price or MSRP for all equipment and supplies.
• The contract term is one year, with the option to renew for two additional one-year periods.
• The contractor must deliver goods within 30 days of receipt of order, unless a delivery extension has been approved.
• The contractor must provide insurance certificates naming the School Board as an additional insured.
• The School Board reserves the right to terminate the contract at any time, with or without cause.