Purchase of New Forklifts

The City of Tucson has awarded a contract to Arnold Machinery Company for the purchase of new forklifts. The contract is valued at $375,000 and has a term of one year. The contract includes provisions for insurance, warranties, and maintenance. The contract also includes a waiver of subrogation and a hold harmless agreement. The City of Tucson reserves the right to cancel or terminate the contract at any time. Some key points of this contract include: • The contract is for the purchase of new forklifts. • The contract value is $375,000. • The contract term is one year. • The contract includes provisions for insurance, warranties, and maintenance. • The contract includes a waiver of subrogation and a hold harmless agreement. • The City of Tucson reserves the right to cancel or terminate the contract at any time.