The City of St. Petersburg has awarded a contract to Recycling Services of Florida Inc for the sale of cardboard, mixed paper, and glass. The contract is for a period of 5 years, with an option to renew for an additional 2 years. The vendor is responsible for accepting, sorting, and recycling the materials, and must meet certain qualifications, including having a minimum of 3 years of corporate experience in the field and providing evidence of financial stability. The City reserves the right to inspect the vendor's facility and to terminate the contract if the vendor fails to perform. The contract includes provisions for payment, with the City paying the vendor based on the weight and type of materials recycled. Key aspects of the contract include:
* The vendor must have a minimum of 3 years of corporate experience in accepting, sorting, and recycling mixed paper, mixed containers, sorted glass, and cardboard.
* The vendor must provide evidence of financial stability and viability to fulfill the commitments of the agreement.
* The vendor must have the capacity to meet the minimum insurance requirements set forth in the agreement.
* The City reserves the right to inspect the vendor's facility and to terminate the contract if the vendor fails to perform.
* The contract includes provisions for payment, with the City paying the vendor based on the weight and type of materials recycled.