Lee Road BPS - 500 hp 480 Volt AC Motor - Rebid

Furnish and deliver one 500 Hp, 480 volt, horizontal AC Premium Efficiency Inverter Duty Induction Motor . The Authority reserves the right to reject any and all Bids. Owner reserves the right to reject any or all Bids, including without limitation, nonconforming, nonresponsive, unbalanced, or conditional Bids. Owner may consider any Bid not prepared and submitted in accordance with the provisions herein nonresponsive. Owner also reserves the right to waive all minor Bid informalities. The Owner reserves the right to consider Bids for fifty- (50) days after the date of receiving and opening Bids, and reserves the right to accept any Bid or reject any or all of them. No Bidder may withdraw, alter or revoke a Bid within the 50 days after the actual date of the opening thereof. The Authority also reserves the right to reject any Bid unless the same contains an adequate or reasonable price for all items contained in the Bid, and further reserves the right to reject unrealistic or unbalanced Bids. The Owner does not assume responsibility for any unrealistic or unbalanced Bids that may be ultimately accepted, such responsibility lying solely with Bidder. Provisions for liquidated damages, if any, for failure to timely attain a Milestone, Substantial Completion, or completion of the Work in readiness for final payment, are set forth in the Agreement. Owner and Supplier recognize that time is of the essence of this Agreement and that Owner will suffer financial loss if the materials are not delivered within the time specified above. The parties also recognize the delays, expense and difficulties or impossibility involved in ascertaining the actual loss suffered by Owner if delivery is not completed on time. Accordingly, instead of requiring that actual loss for delay be ascertained, Owner and Supplier agree that if delivery is not made within the time specified in paragraph 2.01 but is made within 21 days of the time specified in paragraph 2.01, the Contract Price will be reduced by five percent (5%); if delivery is not made within twenty-one (21) days of the time specified in paragraph 2.01 the Contract Price will be reduced by twenty percent (20%). If delivery is not made within forty-five (45) days of the time specified in paragraph 2.01 the Supplier shall be in material breach, and Owner reserves the right The Owner reserves the right to consider Bids for fifty- (50) days after the date of receiving and opening Bids, and reserves the right to accept any Bid or reject any or all of them. No Bidder may withdraw, alter or revoke a Bid within the 50 days after the actual date of the opening thereof. The Authority also reserves the right to reject any Bid unless the same contains an adequate or reasonable price for all items contained in the Bid, and further reserves the right to reject unrealistic or unbalanced Bids. The Owner does not assume responsibility for any unrealistic or unbalanced Bids that may be ultimately accepted, such responsibility lying solely with Bidderto pursue all additional remedies and damages provided by law, including but not limited to, cancellation of this Contract. Owner and Supplier agree that the above amounts are reasonably proportionate to the probable loss caused by the delay. When liquidated damages accrue due to the supplier's failure to achieve delivery dates, the Contract Price will be reduced in accordance with paragraph 2.02. Contractor shall furnish a Performance Bond and a Payment Bond, each in an amount at least equal to the Contract Price, as security for the faithful performance and payment of Contractor's obligations under the Contract, including but not limited to: (i) liquidated damages for delays; and (ii) all additional fees and charges of engineers, architects, attorneys, and other professionals; (iii) and all court or arbitration or other dispute resolution costs; and (iv) any other claims, costs, losses, and damages of any type caused by the negligent acts or omissions of Contractor or its breach of the Contract, or for which Contractor is obligated to pay and/or provide indemnity pursuant to the Contract. These Payment and Performance Bonds must remain in effect until one year after the date when final payment becomes due or until completion of the correction period specified in Article 15.08, whichever is later, except as provided otherwise by Laws or Regulations, the terms of a prescribed bond form, the Supplemental Conditions, or other specific provisions of the Contract.Final Payment Becomes Due: Upon receipt from Engineer of the final Application for Payment and accompanying documentation, Owner shall set off against the amount recommended by Engineer for final payment any further sum to which Owner is entitled, including but not limited to set-offs for liquidated damages and set-offs allowed under the provisions of this Contract with respect to progress payments. Owner shall pay the resulting balance due to Contractor within 45 days of Owner's receipt of the final Application for Payment from Engineer *The value for this project is based on a financial range. The value is listed as the highest possible cost from the range provided by a stakeholder or official project document.

Division 26 -

Electrical.