Fiber Optic Expansion

The City of Port St. Lucie has awarded a contract to Precision Contracting Services, Inc. for the expansion of its fiber optic network. The contract, valued at $4,551,745, involves the installation of fiber optic cables and related equipment to connect various city facilities. The project is funded through the American Rescue Plan Act (ARPA) and is subject to various federal regulations and requirements. The contract includes provisions for progress payments, retainage, and final payment, as well as requirements for insurance, bonding, and auditing. The contractor is responsible for obtaining necessary permits and approvals, and for ensuring compliance with all applicable laws and regulations. Key aspects of the contract include: • The contract duration is approximately 18 months, with a start date of November 2, 2022, and an end date of June 30, 2025. • The contractor is required to provide bi-weekly progress reports and to attend virtual meetings with the city's project manager. • The contract includes a provision for a waiver of subrogation, which means that the contractor waives its right to seek reimbursement from the city for any losses or damages incurred during the project. • The contractor is required to maintain certain types of insurance, including workers' compensation, commercial general liability, and automobile liability insurance. • The contract includes provisions for auditing and record-keeping, with the contractor required to maintain accurate and detailed records of all aspects of the project.