This contract is for road and bridge improvements in the City of Wylie, Texas. The City of Wylie has entered into an interlocal cooperation agreement with Collin County, Texas, to provide these improvements. The agreement outlines the terms and conditions of the contract, including payment terms and dispute resolution procedures. The contract is for a term of 4 years, from October 1, 2022, to September 30, 2026. The scope of work includes road improvements in accordance with Court Order No. 2021-109-02-01.
• The contract is a term-based contract with a duration of 4 years.
• The contract includes a force majeure clause that excuses non-performance due to events beyond the control of the parties.
• The contract has a dispute resolution process that involves informal discussions and meetings between representatives of the parties.
• The contract requires payments to be made from current revenues available to the paying party.
• The contract has a payment term that requires payment in full upon completion of work and receipt of a bill for the same.