The contract must meet the below requirements to be signed. Going forward ALL contracts will be signed by Brianne Austin, her title on the contract should be listed as “Authorized Signer”.
New Service Contracts MUST be approved by SVP before being submitted. If there is not an existing contract in place and the service has not been previously or currently being performed it is a New Service Contract and must be approved.
Contract Requirements:
The contract/agreement is between the contractor and the “Ownership Group Name” i.e., BW RRI II – NOT RRI West
The term must not exceed one year
There is no automatic renewal
Payment Due Date should not be less than Net 30
Contract must include a contract terminations clause “Contract can be terminated for any reason during the contract term.” Including if the asset is sold
No penalty or liquidated damages (as in COVID-19, we have many contracts we can’t exit due to penalties)
COI must meet minimum coverage amounts and list Ownership Group as the certificate holder with additional insureds listed (Please contact your RVPO if additional clarification is needed)
Contract must be signed by the contractor before submitting for approval
Contract Signing Process:
Contract must be emailed to Jon Baaske, jon.baaske@rriwest.com for approval
Once approved Jon will send the contract to Brianne Austin “Authorized Signer” for signing
Jon will then return the signed contract
Comments