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Terms and Conditions for Standard Contract

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May incorporate contract form into RFP as an exhibit or ... Occasions for default (4.1.1) (what constitutes default; notice and opportunity to cure default) ... – PowerPoint PPT presentation

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Title: Terms and Conditions for Standard Contract


1
Terms and Conditionsfor Standard Contract
  • Affect of the Uniform Commercial Code
  • May incorporate contract form into RFP as an
    exhibit or attachment
  • May incorporate contract terms into body of the
    RFP (Oklahoma University example)
  • Important provisions to address

2
Important Contract Provisions
  • Length of contract and renewal options (4.1.2)
    (follow state law)
  • Payment and performance bond (4.1.3)
  • Status of proposal as a binding offer to contract
    (for how long?) (4.1.5 and 4.2.23)
  • What elements comprise the contract? (contract,
    RFP addenda, proposal) (4.1.6 and 4.1.7)

3
Important Contract Provisions (continued)
  • Superiority in case of conflict (4.1.8)
    (contract, RFP addenda, vendors documents)
  • Dispute resolution (4.1.10) (usually refers to
    joint meeting, mediation, arbitration)
  • Occasions for default (4.1.1) (what constitutes
    default notice and opportunity to cure default)

4
Important Contract Provisions(continued)
  • Modifications (4.1.12)
  • Assignment (4.1.13)
  • No waiver of rights (4.1.15)
  • Choice of law and venue (4.1.16)
  • Hold harmless - indemnification (4.1.17) (be
    sure to follow state laws sovereign immunity
    doesnt apply in cases of intentional acts or
    unforseeable negligence)

5
Important Contract Provisions(continued)
  • Relationship of University and vendor (4.1.18)
    (not partners nor agency)
  • Freedom from liens (4.1.19)
  • Licensing / regulatory requirements (4.1.20
    4.1.23 4.1.27)
  • Availability to other colleges, universities,
    state agencies (4.1.22)

6
Important Contract Provisions(continued)
  • Payment terms (4.1.24) (no payment in advance of
    receipt of goods/services)
  • Insurance Requirements (4.1.26)

7
Important Contract Provisions(continued)
  • Best interests of University (4.2.1 4.2.2
    4.2.13)
  • Vendors responsibility to understand RFP (4.2.3)
  • University to provide information in good faith
    not responsible for errors (4.2.4)
  • Proposal costs (4.2.5)

8
Important Contract Provisions(continued)
  • Vendor qualifications (4.2.6) (option to
    disqualify or determine not to be in best
    interests of University)
  • Pre-proposal conference/site visit (4.2.7
    4.2.10) (optional or mandatory)
  • Right (but not obligation) to request further
    information (4.2.8)
  • Revisions (4.2.9)

9
Important Contract Provisions(continued)
  • Proposal format (4.2.11 4.2.12)
  • Errors or omissions in proposals (4.2.5)
  • Opening of RFP (4.2.15) (what information is
    available and when?... consider state laws and
    rights of protest)
  • Withdrawal of a proposal by vendor (4.2.19)

10
Important Contract Provisions(continued)
  • Evaluation criteria (4.2.20) (may have to
    disclose in RFP by state law)
  • Rejection of vendor counter-offers, stipulations,
    exceptions (4.2.24) (be careful about
    terminology)
  • Proprietary information in proposals (4.2.25
    4.2.27) (consider state public records laws)
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