RFP No. 18-11-02 Bus Shelter Relocation and Refurbishing

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City of Sunny Isles Beach |Request for Proposals No. 18‐11‐02 11 The City reserves the right to negotiate lower pricing for the additional term(s) based on market research information or other factors that influence price. The City reserves the right to apply any reduction in pricing for the additional term(s) based on the downward movement of the applicable index. The City reserves the right to reject any price adjustments submitted by the vendor and/or to not exercise any otherwise available option period based on such price adjustments. Continuation of the contract beyond the initial period, and any option subsequently exercised, is a City prerogative, and not a right of the vendor. This prerogative will be exercised only when such continuation is clearly in the best interest of the City. Should the vendor decline the City’s right to exercise the option period, the City may consider the vendor in default which may affect the vendor’s eligibility for future contracts. 2.5 METHOD OF AWARD Award may be by Group or Item, whichever is determined to be in the best interest of the City. If a vendor fails to submit an offer for all items within the group, its offer for that specific group will be rejected. The City reserves the right to award to multiple bidders. Award to multiple vendors may be considered for the convenience of the City and does not exempt the primary vendor from fulfilling its contractual obligations. Failure to perform as noted may result in the vendor being deemed in breach of contract. 2.6 PRICE The base and alternate unit prices stated in the proposal include all costs and expenses for general conditions, taxes, labor, equipment, materials, commissions, transportation charges and expenses, and labor for handling materials during inspection, together with any and all other costs and expenses for performing and completing the Work as shown on the plans and specified herein. The Basis of Payment for an item at the price shown in the Proposal shall be in accordance with its description of the item in this Section and as related to the Work specified and as shown on the Drawings. The unit prices stated in the Contract shall be considered fixed and firm during the contract term. 2.7 PERFORMANCE AND PAYMENT BOND The City of Sunny Isles Beach shall require the successful Bidder to furnish a Performance Bond and Payment Bond in the amount of 100% of the total Bid Price, with the City of Sunny Isles Beach as the Obligee, as security for the faithful performance of the Contract and for the payment of all persons performing labor or furnishing materials in connection herewith within ten (10) calendar days after issuance of the Notice of Award by the City. The Performance and Payment Bond shall continue in effect through the contract term. The bonds shall be with a surety company authorized to do business in the State of Florida and having been in business with a record of successful continuous operation for at least five (5) years.