Bus_sample_agreement.pdf

This document is a sample agreement between Murfreesboro City Schools and an unnamed Contractor for the procurement of one (1) 90 Passenger Transit Style School Bus. The agreement is based on ITB-2022-08, which solicits bids for a school bus, and outlines the terms and conditions for the purchase. The contract term begins on an unspecified effective date and expires on a date to be determined, with options for mutual extension or earlier termination under specific conditions such as 30-day notice or for cause.

The pricing and payment terms specify that compensation will be made upon submittal of an invoice after performance, with the specific price to be reflected in the Contractor's Price Proposal. Murfreesboro City Schools is exempt from state sales tax and will issue a tax exemption certificate. The Contractor is required to maintain comprehensive general liability insurance with limits of not less than $1,000,000, as well as automotive and workers' compensation insurance. The agreement includes provisions for indemnification, non-discrimination, ethical standards, and requires the Contractor to maintain documentation of charges for three full years from the final payment date, subject to audit in accordance with Generally Accepted Accounting Principles.