The University of Arkansas (UA) is accepting competitive sealed "Best Value Proposals" for Job Order Contracting (JOC), pursuant to Arkansas Code Ann. 19-4-1416(a)(1) in accordance with the terms, conditions and requirements set forth in this Solicitation For Proposals for Best Value Contract, which considers factors in addition to price. This Solicitation provides sufficient information for interested parties to prepare and submit proposals for considerationby the University of Arkansas Any questions or concerns regarding this Solicitation shall be directed to: Georgeta Galbraith University of Arkansas Facilities Management, 521 S. Razorback Road Fayetteville, AR 72701 ggalbra@uark.edu Phone: 479-575-6191Fax: 479-575-7268 Each proposal shall include a bid security in the amount of $5,000.00 Each Job Order will stipulate whether a Performance and Payment Bond is required. Performance and Payment Bonds are not required for Job Orders of $50,000.00 or under. For work exceeding $50,000.00, the Contractor shall furnish a Performance and Payment Bond in the amount equal to 100 percent of Job Order price, on a form identical to the Arkansas Statutory Performance and Payment Bond Form as security for faithful performance of theContract and payment of all obligations arising thereunder within ten days after receipt of the Intent toAward. The JOC will remain in effect for one year from date of contract award. The University retains the right to renew any resulting contract(s) for up to three (3) additional contract periods. Contracts can be renewed, with no increase in the Contractor's coefficient, only if both the Contractor(s) and the University mutually agree to do so. Justification for non-renewal fromeither the Contractor or the University is not required The Owner reserves the right to reject any and all proposals, and to waive any formalities.
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