The contract is for annual traffic counts, including 48-hour traffic volume, speed, and classification counts, as well as intersection turning movement counts and traffic signal warrants. The contractor will provide these services for a period of one year, with the option to renew for up to four additional years. The contract includes a scope of work that outlines the specific services to be provided, including data collection and analysis, and the delivery of reports and maps. The contract also includes terms and conditions, such as payment terms, warranties, and indemnification. Some key points to consider when deciding how similar this contract is to your own business specialties include:
• The scope of work and the specific services to be provided
• The contract term and renewal options
• The payment terms and pricing structure
• The warranties and indemnification provisions
• The potential for future contracts or extensions