Q&A Document 7.pdf

PDF 2 KB Posted

Attached to
Telecommunication Infrastructure Project (FTTH)
Solicitation number
082024-01
Issued by
Clay County, Tennessee

About this file

This document is a Questions & Answers (Q&A) document for Project 082024-01, a Telecommunication Infrastructure Project (FTTH) issued by Newport Utilities. The document contains two specific questions and answers dated 08/16/2024, addressing budget and bonding requirements for the project.

Regarding the project's financial details, the Q&A reveals that no annual budget has been established, and the buying organization seeks a total cost analysis for all project designs. For bonding requirements, the performance bond must be 110% of the bid amount, which clarifies the specific financial guarantee needed from potential bidders. The document provides direct, concise responses to bidder inquiries, helping to standardize understanding of the project's financial expectations and requirements.

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Text version

Questions & Answers - 7

Project 082024-01 - Telecommunication Infrastructure Project (FTTH)

Buying Organization Newport Utilities

No Question/Answer Question Date

Q7 Question: Annual Budget

Has an annual budget been established for this project?

Answer: There is not an annual budget for this project. We want a total cost analysis for all of these designs.

08/16/2024

Q8 Question: Bonding Requirements

Just to clarify the performance bond is the requirement of the bond the amount of the price of the bid

PLUS 10% (110% of the bid amount) or just 10% of the bid amount?

Answer: 110% of the bid amount.

08/16/2024

Questions & Answers - 7

File details come from the government source that posted it. Updated .