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Document
Triple Combination Pumpers
Year Created: 2023
DOCUMENT
ITB - Tire Chain Sets 2006
- YEAR CREATED: 2006
- ENTITY TYPE: City/Township
- TYPE OF DOCUMENT: BID - ITB, IFB, ITT, RFB
The document is a set of instructions to bidders for the City of Bridgeport, Connecticut. It outlines various terms and conditions related to indemnification, payment, tax exemption, and the city's right to set-off delinquent property taxes owed.
In terms of indemnification, the document states that the bidder and any subcontractors are responsible for any death, injury, or damage to property caused by their negligent acts or omissions. This indemnification obligation is not limited by any compensation or benefits payable under worker's or workmen's compensation acts.
Regarding payment, the City of Bridgeport aims to make payment for goods and services within 30 days after review and approval of invoices. No claim for interest will be honored unless payment is not made within 60 days. The maximum interest rate payable is 6% per annum, starting from the 61st day after the failure to make a required payment.
The document also mentions a federal tax exemption for the bidder, indicating that they are exempt from state sales tax under specific statutes.
The laws of the State of Connecticut govern the rights, obligations, and remedies of the parties involved in the proposal and any resulting agreement.
Lastly, the document highlights the city's right to set-off delinquent property taxes owed by a vendor. If any taxes are delinquent, the city can withhold payment or set-off the amount owed, provided it does not exceed the outstanding tax amount, penalties, lien fees, and interest. Vendors who have been elected through a competitive bidding process, signed a contract, or obtained a purchase order authorize the city to execute such set-off or withholding of payment.