The Chicago Park District has entered into a contract with Anchor Mechanical, Inc. for the maintenance and repair of its building automation systems. The contract includes annual maintenance, upgrade services, and repairs for the systems. The contract has a term of 5 years, with an option to renew for an additional 3 years. The contract amount is $118,200 for the first two years, with a base amount of $50,300 per option year exercised. The contract also includes a provision for the payment of invoices within 60 days of receipt. The contract is governed by the laws of the State of Illinois.
• The contract includes a detailed scope of work, including the maintenance and repair of the building automation systems.
• The contract includes a provision for the payment of invoices within 60 days of receipt.
• The contract is governed by the laws of the State of Illinois.
• The contract includes a provision for the indemnification of the Chicago Park District by Anchor Mechanical, Inc.
• The contract includes a provision for the termination of the contract in the event of a default by either party.