The contract is for the provision of electricity and associated services to Wichita Falls ISD. The contract term is for three years, from May 1, 2015 to April 30, 2018. The contract was awarded to TXU Energy. The scope of work includes the provision of electricity and associated services to the district's facilities. The contract also includes provisions for pricing, delivery, and payment.
• The contract has a firm fixed price for the three-year term.
• The contract includes provisions for the transfer of risk and liability.
• The contract requires the vendor to provide a minimum of 90 days' product guarantee.
• The contract includes provisions for the termination of the contract in the event of a breach by either party.