Safety Inspections and Routine Maintenance of Elevators and Dumbwaiters

It is the intention of the Authority to issue a Purchase Order / "NOA" for the procurement of Safety Inspections and Routine Maintenance of Elevators and Dumbwaiters. Bidder shall submit with its bid proposal, fully executed by its bonding company and itself, either: (1) the standard form Authority Letter of Surety (attached hereto as Exhibit I), or (2) the standard form Authority Proposal Bond (attached hereto as Exhibit J), in the amount of 10% of its bid price. In lieu of the Letter of Surety or Proposal Bond, the bidder may elect to furnish with its bid proposal a Cashier's check in the amount of 10% of the bid price as a performance warranty deposit. This bid surety will be held by the Authority until award of the contract to ensure compliance by the successful bidder with the terms and obligations of the bid including, but not limited to, delivery date. The vendor shall, within ten (10) calendar days of receipt of the Notice of Award, furnish and deliver the Contract Bond on the standard form of the Authority, attached hereto as Exhibit K. The Contract Bond shall be in a sum of up to 100% of the total amount bid for the contract, as specified in the RFB, and shall be maintained by the vendor until final payment is made. In the event of insolvency of the Surety, the vendor shall forthwith furnish and maintain other Surety satisfactory to the Authority Please contact John Parmigiani with any questions regarding this procurement at 732-750-5300 extension 8632 or by Email. New Jersey Turnpike Authority 1 Turnpike Plaza Woodbridge, NJ 07095 Items purchased under this contract will be delivered as directed by the Authority. The term of the Contract shall be for two (2) years with the option to extend for two (2) additional one (1) year terms at the Authority's discretion and the vendor's concurrence. Failure to comply with mandatory requirements of the bid shall be considered grounds for rejection. The Authority retains the right to reject any or all bids, to waive informalities and minor irregularities and to rebid the entire contract.

Division 01 -	General Requirements.
Division 10 -	Specialties.
Division 11 -	Equipment.