General
Legacy ID
36
Letters of Credit
Frequently Asked QuestionsQ. One of the types of security suggested in the Best Practices Procurement Manual is a letter of credit drawn on the bidder's bank. Is there any restriction on the location of the bank? May a European bank issue a Letter of Credit for a procurement of rolling stock in the...Late Proposals
Frequently Asked QuestionsIs it possible for a transit authority to determine that an incumbent is the best choice for award even though the incumbent failed to submit a timely response to an RFP? The incumbent's proposal arrived 15 minutes after the deadline. Under these circumstances, can the...Joint Procurements
Frequently Asked QuestionsCan the lead agency include the diesel/hybrid buses as part of this procurement even though diesel it's not allowed in the area? A couple of agencies have come together to do a joint bus procurement. The lead agency identified a need for gas/hybrid buses only. The other...Inter-Agency Projects
Frequently Asked QuestionsAre there any conditions when FTA Section 5307 grant money can be used to purchase used vanpool vans? We may need them for a short (4 year) construction project.FTA Circular 9030.1D, “Urbanized Area Formula Program: Program Guidance and Application Instructions,” dated...
Insurance Requirements
Frequently Asked QuestionsWhat are the product liability insurance requirements for a product before it is purchased by a transit authority?There is no standard requirement in the transit industry for product liability insurance. Each transit agency will have its own policy with respect to the...
Independent Cost Estimate
Frequently Asked QuestionsQ. The City has a contract for Public Participation services, as needed and if needed; and individual projects may vary. Our independent cost estimate was based on historical usage of this contract. The estimate was determined to be $200,000. However, our using Department...Incentive Contracts
Frequently Asked QuestionsFor an FTA funded construction contract, may we insert a clause in our contract provisions regarding a penalty for completing the project late and a reward for delivering the project early? For this particular project, time is of the essence.You may use both incentives...