The City of Tempe has awarded a contract to Foster Electric Motor Service Inc for water plant mechanics services. The contract has a term of 5 years, with the option to renew for an additional term. The scope of work includes providing maintenance and repair services for the city's water plant equipment. The contract is valued at approximately $250,000 per year, for a total value of $1,250,000 over the 5-year term. The city reserves the right to terminate the contract if funds are not allocated or if the contractor fails to perform. Some key features of this contract include:
• The contract is a firm-fixed-price contract, with a fixed price per year.
• The contractor is responsible for providing all necessary personnel, equipment, and materials to perform the work.
• The city has the option to renew the contract for an additional term, subject to mutual agreement.
• The contract includes provisions for termination, including termination for convenience or due to lack of funding.
• The contractor must comply with all applicable laws and regulations, including those related to environmental sustainability and social responsibility.