The City of Clermont has awarded a contract to Pavement Technology, Inc. for pavement management services. The contract includes the application of Reclamite asphalt rejuvenator to various subdivisions. The contract has a term of 2 years, with the option to renew for an additional 2 years. The contract value is estimated to be around $363,526.62. The contract includes provisions for payment, termination, and dispute resolution.
• The contract includes a scope of work that outlines the services to be provided by Pavement Technology, Inc.
• The contract includes a payment schedule that outlines the payment terms and conditions.
• The contract includes provisions for termination, including termination for convenience and termination for cause.
• The contract includes provisions for dispute resolution, including mediation and arbitration.
• The contract includes provisions for insurance and indemnification, including workers' compensation insurance and commercial general liability insurance.