SCRAP METAL AGREEMENT
This is a sales agreement for the purchase of recyclable scrap metal from the Naval Undersea Warfare Center Division in Newport, Rhode Island, covering metals such as mixed steel, aluminum, brass, copper, and stainless steel. Pricing will be based on a fixed percentage of the Fastmarkets price index for the Boston location, with the contractor offering net prices per gross ton. Performance will take place at NUWCDIVNPT, 1176 Howell Street, Newport, RI, and the contractor’s facility must be located within 40 miles to allow for weighing oversight. The agreement has a one-year period of performance beginning 1 October 2026, with options to extend for successive years up to five years total. The contractor must provide containers, pick up materials within two working days of notification, and make payment via Electronic Funds Transfer by the 10th of the following month, including a 20% deposit of estimated three months’ generation before the first shipment.