The contract is for the purchase of two new pieces of heavy equipment, a Caterpillar Inc. Model: 299D3 XE Compact Track Loader and a Caterpillar Inc. Model: D7 Track Type Tractor, from Quinn Company. The contract is a firm-fixed price contract with a total amount not to exceed $1,216,299.13. The contract term is from September 24, 2024, to September 23, 2025. The contract includes provisions for payment, invoicing, and warranty.
• The contract includes a detailed specification of the equipment, including standard equipment and optional features.
• The contract includes a warranty and coverage provision, with a standard warranty of 24 months or 2,000 hours and an extended coverage option.
• The contract includes a payment provision, with payment due within 30 days of receipt of a correctly submitted invoice.
• The contract includes an invoicing provision, with invoices to be submitted on letterhead and including specific information, such as the contractor's name and address, and the total amount due.