For Source of Supply - Electric Prices submitted must be firm and all bid quotations shall be valid for the 2023 Period Beginning January 1, 2023, through June 30, 2023, or shall state the Period of Validity of the bid quotation. The City reserves the right to extend this contract, or any portion thereof, into the next source of supply period if prices quoted by that vendor remain the same for the extended period. This provision will only be exercised if circumstances beyond the control of the CITY inhibit total contract renewal The CITY reserves the right to total subdivisions of a numbered category to determine the lowest and best bid. The CITY does not guarantee the purchase of any specific quantities of the items listed. Purchases will be made to cover requirements as they arise during the contract period. Where specifications are not spelled out, the industry standard for that type and size of item will prevail. The CITY will tabulate bids, select successful vendors, and mail bid tabulation to all participating vendors as soon as practicable. The CITY reserves the right to reject any or all bids when such rejection is deemed in the best interest of the CITY. The CITY is unable to furnish copies of the bid tabulations from previous years. The CITY reserves the right, based on its own discretion, to purchase from the next low bidder if the low bidder is unable to deliver the goods within a reasonable amount of time as determined by the CITY based on its immediate needs or customary circumstances. The CITY will pay invoices within 45 days of receipt of the invoice. Items purchased must have been received PRIOR to payment of invoice. Late fees will NOT be paid by the CITY OF STARKVILLE.
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