The Township of Cranford is soliciting bid proposals from solid waste collectors interested in providing solid waste collection and disposal services for a period of three (3) years to commence on July 1st, 2025 and ending on June 30th, 2028, in accordance with the terms of these Bid Specifications and N.J.A.C. 7:26H-6 et seq. The contract may be extended, at the option of the Township of Cranford for one (1) two-year or two (2) one-year extensions. Any such extensions shall be awarded by resolution of the Township of Cranford upon a finding that the services under this contract are being performed in an effective and efficient manner. Said extension may be at an increased price, but any price change included as part of the extension shall be based upon the price of the original contract as cumulatively adjusted pursuant to any previous adjustment or extension, and shall not exceed the change in the "index rate" for the 12 months preceding the most recent quarterly calculation available at the time the contract is renewed. The "index rate" shall be the index rate set forth in N.J.S.A 40A:112.