This contract is for elevator maintenance services to be provided by Otis Elevator Company to the City of Goodyear. The contract is for a period of 2 years, with the option to renew for an additional 5 years. The services will be provided at various locations within the city. The contract includes provisions for payment, termination, and indemnification. The City of Goodyear has the right to inspect and reject any work that does not meet the standards set forth in the contract.
• The contract is for a fixed price, with payments to be made on a monthly basis.
• The contract includes provisions for termination, including termination for convenience and termination for cause.
• The contract includes provisions for indemnification, with the City of Goodyear and Otis Elevator Company agreeing to indemnify each other against certain claims and damages.
• The contract includes provisions for insurance, with Otis Elevator Company required to maintain certain types of insurance coverage.
• The contract includes provisions for dispute resolution, with disputes to be resolved through negotiation and arbitration.