Standard Bus Procurement Guidelines - APTAStandards.com

Standard Bus Procurement Guidelines
additional moneys
withheld as provided
below and less any
amounts for
liquidated damages in
accordance with
"Liquidated
Damages" (Section
2.3.4).
less a withholding
of two percent
(2%) plus any
additional moneys
withheld as
provided below
and less any
amounts for
liquidated
damages in
accordance with
"Liquidated
Damages"
(Section 2.3.4).
The Procuring Agency shall make
payments for buses at the unit prices
itemized in the Price Schedule within
30 (thirty) calendar days after the delivery
and acceptance of each bus and receipt of a
proper invoice. In the event that the bus
does not meet all requirements for
acceptance the Procuring Agency may, at
its exclusive option, "conditionally accept"
the bus and place it into revenue service
pending receipt of Contractor furnished
materials and/or labor necessary to
effectuate corrective action for acceptance.
For any conditionally accepted bus the
payment shall be reduced by an amount to
be withheld, and paid upon corrective
action by the contractor, equal to twice the
estimated cost for parts and labor for the
corrective action.
The Procuring Agency shall make
payments for spare parts and/or equipment
at the unit prices itemized in the price
schedule within 30 (thirty) calendar
days after the delivery and acceptance of
said spare parts and/or equipment and
receipt of a proper invoice.
The Procuring Agency shall make a final
payment for all withholding within 30
(thirty) calendar days of receipt of a final
proper invoice and the following:
be included, security for the progress payments of
Milestone No. 1 to the Contractor should be required of
the Contractor through a Performance Bond. The bond
amount should not be less than the Procuring Agency's
financial exposure for cumulative payments for Milestone
No. 1 and any advance payment.
All payments shall be made as provided herein, less any
moneys to be withheld as provided below and less any
amounts for liquidated damages in accordance with
"Liquidated Damages" (Section 2.3.4).
The Procuring Agency shall make progress payments to
the Contractor for buses in accordance with the
performance milestones set forth below.
Title to material included in any progress payment request
shall pass to the Procuring Agency upon payment by the
Procuring Agency. Said title shall be free of all
encumbrances. However, such transfer of title shall not
relieve the Contractor of its responsibility for the
furnishing, installation, fabrication or inclusion of said
materials as a deliverable element of buses procured in
accordance with the requirements of the Contract.
The (suggested) performance milestones and payment
limits shall be as follows:
1. The Procuring Agency shall make payments
for buses at forty percent (40%) of the
unit price(s) for each bus(es) itemized in the
price schedule upon verification by the
Procuring Agency’s Inspector that said bus(es)
have had the front and rear axles installed in
the manufacturing cycle at the Contractor’s
plant and within 30 (thirty) calendar days
of receipt of a proper invoice. Invoices
submitted under this milestone shall include a
listing of all major components and component
serial numbers that shall be the same as in the
final bus record.
General Contractual Provisions 75 10/18/07