Supply Contract for furnishing to the Arkansas Department of Transportation Thermoplastic Pavement Marking Material according to specifications attached to and made a part of this bid, at pricing set forth on Page 2 for the period beginning January 1, 2022 thru December 31, 2022, with an option to renew as mutually agreed. The Department is not obligated to purchase any specific quantity or make purchases at any specific time during the contract period. It is estimated that approximately 500,000 lbs. of material will be purchased during the one (1) year period. A typical order would be a minimum of 132,000 lbs. with delivery to be made within thirty (30) calendar days. In the event thermoplastic pavement marking materials are not delivered with thirty (30) calendar days, the Department shall be compensated at a rate of $500 per day until the thermoplastic pavement marking materials are delivered, but not to exceed 20% of the total purchase order amount. Bid Bond in the amount of $500.00 required of all bidders at time of bid opening or bid will be rejected. Personal and company checks are not acceptable as Bid Bonds. See Condition 4 on Page 1 of Standard Bid Conditions. Performance Bond in an amount to be determined by the Department, not to exceed $5,000.00, will be required of successful bidder prior to providing goods/services. Personal and company checks are not acceptable as Performance Bonds. ARDOT reserves the right to reject any or all bids, to accept bids in whole or in part (unless otherwise indicated by bidder), to waive any informalities in bids received, to accept bids on materials or equipment with variations from specifications where efficiency of operation will not be impaired, and to award bids to best serve the interest of the State. Bids must be submitted on this form, with attachments when appropriate, or bids will be rejected. Late bids and unsigned bids will not be considered. ARDOT - Supply Contract for furnishing Thermoplastic Pavement Marking Material
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