SROTB is soliciting bids for the purchase, delivery, installation, configuration, testing, training, warranty support, and ongoing service of commercial-grade currency counting equipment for cage operations. The agreement term is established by bid specifications, and SROTB pays within 30 days of invoice receipt, subject to inspection. The vendor must maintain insurance and guarantee work against defects for at least one year.
SROTB shall pay vendor within thirty 30 days of receipt of the invoice. srotb shall pay vendor withinthirty 30 days of receipt of the invoice.
All work shall be guaranteed by the vendor against defects resulting from the use of inferior materials, equipment or workmanship, for at least one year from the date of acceptance by srotb. all work shall be guaranteed by the vendor against defects resulting from the use of inferior materials, equipment or workmanship, for at least one year from the date of acceptance by srotb.
The vendor shall procure, pay for, and maintain all permits and licenses necessary for the services to be rendered hereunder, including, but not limited to, any license required by the new york state gaming commission. the vendor shall procure, pay for, and maintain all permits and licenses necessary for theservices to be rendered hereunder, including, but not limited to, any license required bythe new york state gaming commission.
If vendor fails to perform the services as required by this agreement or otherwise defaults under this agreement, srotb, may, in its sole discretion and in addition to any other rights at law or in equity, 1 send notice of the default to vendor and demand strict performance of the terms of this agreement 2 terminate this agreement by notice to vendor or 3 cure the default, without notice to vendor, and deduct the cost to cure and any direct and consequential damages from any payment due to vendor at the time ofdefault or coming due thereafter provided, if no further payments are due to vendor, thenvendor shall, immediately on presentation of the invoice, reimburse srotb for the cost of curing vendors default and such direct or consequential damages. if vendor fails to perform the services as required by this agreement or otherwise defaults under this agreement, srotb, may, in its sole discretion and in addition to any other rights at law or in equity, 1 send notice of the default to vendor and demand strict performance of the terms of this agreement 2 terminate this agreement by notice to vendor or 3 cure the default, without notice to vendor, and deduct the cost to cure and any direct and consequential damages from any payment due to vendor at the time ofdefault or coming due thereafter provided, if no further payments are due to vendor, thenvendor shall, immediately on presentation of the invoice, reimburse srotb for the cost of curing vendors default and such direct or consequential damages.
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