The City of Charlotte has entered into a contract with Kompan, Inc. to provide playground and outdoor fitness equipment, site accessories, surfacing, and related products and services. The contract has a term of five years, with an option to renew for two additional two-year terms. The contract includes provisions for pricing, payment, and contract monitoring. The City of Charlotte has the right to audit the Company's compliance with the terms and conditions of the contract. Some key points of this contract include:
* The contract is for the provision of playground and outdoor fitness equipment, site accessories, surfacing, and related products and services.
* The contract has a term of five years, with an option to renew for two additional two-year terms.
* The contract includes provisions for pricing, payment, and contract monitoring.
* The City of Charlotte has the right to audit the Company's compliance with the terms and conditions of the contract.
* The contract includes provisions for the Company to provide written reports and documentation to the City.
* The contract includes provisions for the City to pay the Company for the products and services delivered in compliance with the specifications.
* The contract includes provisions for the Company to comply with all applicable federal, state, and local laws and regulations.