Timber Contract – Exhibit A DRAFT
Timber Contract – Per Unit – Advance Pay
The University of Alabama will offer for sale merchantable timber, as designated by the
University Forester, on tract located in Walker county. The timber will be sold by sealed
bids which will be publicly opened at the Office of University Lands and Real Estate Services,
on the University of Alabama campus, 1115 14th Street, Tuscaloosa, AL 35401, at 10:00 a.m.
on October 24, 2019. Bids should be delivered to that office on or before that time, sent by
email to swperry1@ua.edu, or sent by mail to The University of Alabama, University Lands
and Real Estate Services, P.O. Box 870176, Tuscaloosa, Alabama 35487-0176. Only bids
which are submitted on the bid form prepared by the Office of University Lands and Real
Estate Services will be considered. No verbal or phone bids will be accepted. If a bid is
mailed, the bid should be posted in sufficient time to ensure its receipt prior to the bid
submission deadline of 10:00 a.m., October 24, 2019. Mailed bids should be marked
“TIMBER BID, 10-24-19” in the lower left-hand corner to ensure bid security.
A Performance Deposit in the amount of $3,500 will be required of the successful bidder to
guarantee its fulfillment of the terms of the sale contract. An additional Timber Deposit of
$7,500 will be required from the successful bidder to ensure that the timber will be harvested
in the timeframe set forth in this announcement. The deposits will be required at time of
execution of timber contract. Consideration and approval of the successful bid will be done
October 24, 2019, by the University of Alabama Forester, to ensure the bids meet the
proposed estimates approved by the University of Alabama Board of Trustees.
Purchaser of the timber must carry workman’s compensation insurance and both vehicular
and general liability insurance in amounts of not less than $1,000,000 personal damage and
$1,000,000 property damage. Bidder will add University as additional named insured on
insurance. A certificate of insurance will be required upon the execution of the contract of
sale.
It shall be the responsibility of the bidder to determine to his own satisfaction the volume of
the timber offered for sale.
Pay as Cut Final Harvest Terms – Timber must be Harvested by April 1, 2020.
The University reserves the right to accept or reject any or all bids and to waive any
informalities.
For a bid package, call the University Office of University Lands and Real Estate Services
at 205-348-6462 during office hours. All information on these tracts can also be found
online at the following address: http://universitylands.ua.edu/university-lands-bids/ .
