Standard Bus Procurement Guidelines - APTAStandards.com
Standard Bus Procurement Guidelines - APTAStandards.com
Standard Bus Procurement Guidelines - APTAStandards.com
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<strong>Standard</strong> <strong>Bus</strong> <strong>Procurement</strong> <strong>Guidelines</strong><br />
under this Contract. The Procuring Agency shall make its determination within 30 (thirty) ( or insert<br />
time specified by regulation or law) calendar days after receipt of the application.<br />
2.3.4 LIQUIDATED DAMAGES<br />
It is mutually understood and agreed by and between the parties to the Contract that time is of the<br />
essence with respect to the <strong>com</strong>pletion of the Work and that in case of any failure on the part of the<br />
Contractor to <strong>com</strong>plete the Work within the time specified in "Delivery Schedule" (Section 2.3.1.2),<br />
except for any excusable delays as provided in ""Unavoidable Delays" (Section 2.3.3), or any<br />
extension thereof, the Procuring Agency will be damaged thereby. The amount of said damages,<br />
being difficult if not impossible of definite ascertainment and proof, it is hereby agreed that the<br />
amount of such damages due the Procuring Agency shall be fixed at $ (see Appendix for LD<br />
Calculation Guideline) per calendar day per bus not delivered in substantially as good condition as<br />
inspected by the Procuring Agency at the time released for shipment.<br />
The Contractor hereby agrees to pay the aforestated amounts as fixed, agreed and liquidated<br />
damages, and not by way of penalty, to the Procuring Agency and further authorizes the Procuring<br />
Agency to deduct the amount of the damages from money due the Contractor under the Contract,<br />
<strong>com</strong>puted as aforesaid. If the monies due the Contractor are insufficient or no monies are due the<br />
Contractor, the Contractor shall pay the Procuring Agency the difference or the entire amount,<br />
whichever may be the case, within 30 (thirty) calendar days after receipt of a written demand by the<br />
Contracting Officer.<br />
The payment of aforesaid fixed, agreed and liquidated damages shall be in lieu of any damages for<br />
any loss of profit, loss of revenue, loss of use, or for any other direct, indirect, special or<br />
consequential losses or damages of any kind whatsoever that may be suffered by the Procuring<br />
Agency arising at any time from the failure of the Contractor to fulfill the obligations referenced in<br />
this clause in a timely manner.<br />
The Procuring Agency specifically reserves the right, without limitation of any other rights, to<br />
terminate the Contract in accordance with "Termination of Contract" (Section 2.2.6).<br />
(a)<br />
May be considered by the Procuring Agency for inclusion if<br />
early delivery will create a savings to the Procuring<br />
Agency. Procuring Agency may wish to modify<br />
"Contractor's Delay" (Section 2.3.3.1) to determine delivery<br />
date for purposes of this incentive option) - In the event that<br />
the Contractor <strong>com</strong>pletes Work earlier than required by<br />
"Delivery Schedule" (Section 2.3.1.2), the Contractor shall<br />
be paid an incentive of $ (see Appendix for Incentive<br />
Calculation Guideline) per calendar day per bus that is<br />
delivered and accepted early. The total amount of such<br />
incentive payments shall not exceed (insert maximum<br />
percent) percent (__ %) of the total Contract amount.<br />
(b) (Guideline option omitted)<br />
General Contractual Provisions 73 10/18/07