The City of Cottonwood has awarded a contract to KP Ventures Well Drilling & Pump Co. LLC for well site drilling construction services. The contract has a term of three years and a not-to-exceed amount of $2,463,532.91. The scope of work includes additional services set forth in change orders, including the addition of sound panels and emergency well drilling. The contract is subject to cancellation pursuant to Arizona state law. Key points to consider when evaluating this contract include the scope of work, the contract term, and the not-to-exceed amount.
* The scope of work includes well site drilling construction services, including additional services set forth in change orders.
* The contract term is three years.
* The not-to-exceed amount is $2,463,532.91.
* The contract is subject to cancellation pursuant to Arizona state law.
* The vendor is required to affirmatively assert that the city is not in default and waive any claims against the city.