284 – Contract revised

Description

CONTRACT FOR PROFESSIONAL SERVICES Marketing Consulting Services (Reference #2026–RFQ–284–Marketing Consulting Services ) AGREEMENT made this ___ day of ___, 2026, by and between the NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY (the “Authority or NJEDA”), having its address at 36 West State Street, P.O. Box 990, Trenton, New Jersey 08625-0990, and ______________ (the “Vendor”), having its address at _________________. The Authority and the Vendor agree as follows: 1. The Work. The Vendor shall perform or shall provide the services as specifically detailed in the Vendor’s Qualification, dated XXX and the Authority’s Request for Qualification (“RFQ”), dated XXX are attached hereto and made a part of this Contract. 2. Time. The Vendor shall render the services described in the Vendor’s Qualification and RFQ as required by the Authority and generally pursuant to the Fee Schedule included therein. The initial term of this Contract is for a three (3) years with two (2) one (1) year extension options, to be exercised at the sole discretion of the Authority, at the same prices, terms and conditions. Pricing shall remain firm throughout the term of the contract and any extensions thereto. In the event that a new Contract has not been awarded prior to the Contract expiration date, the Authority reserves the right, in its sole discretion, to extend the Agreement on a month-to-month basis beyond the expiration, until a replacement Contract is awarded, but in no event beyond 365 days. It shall be incumbent upon the Contractor to continue the Contract under the same terms and conditions until a new Contract is fully executed. RFQ Pricing will be consistent with the pricing from the RFQ Fee Schedule of the executed Contract Agreement during any extension on a month-to-month basis, beyond expiration or termination. A. Contract Transition. It shall be incumbent upon the Awarded Vendor to continue the Contract under the same terms and conditions until a new Contract can be completely operational. At no time shall this transition period extend more than 180 days beyond the expiration date of this Agreement. 1 3. Contract Price. The Authority shall pay the Vendor for the performance of the Work based on the Prices, as stated in the Fee Schedule set forth in the Vendor’s Qualification. The Authority may require services in addition to those agreed to in the RFQ and the Qualification.