Please visit the bid source via the “Link to Bid Source” button below for documentation.

$4,500,000 – $12,000,000

The budget for this opportunity is difficult to estimate, as the RFP does not provide a clear indication of the potential revenue or payment structure. However, based on the fact that the DAS Fleet Services group currently disposes of 300-400 used vehicles per year, and assuming an average sale price of $5,000 to $10,000 per vehicle, the total annual revenue could be in the range of $1.5 million to $4 million. The contract term is for three years, with the option to renew for up to three additional one-year terms, so the total budget over the life of the contract could be in the range of $4.5 million to $12 million. However, it's worth noting that the RFP requires the vendor to pay a 1% administrative fee on all sales made within the State of Iowa, which would reduce the vendor's revenue. Additionally, the vendor would need to consider the costs of providing auction services, including marketing, staffing, and other expenses, when determining their pricing and revenue projections. Overall, while the budget for this opportunity is difficult to estimate, it appears that the contract could generate significant revenue for the successful vendor over the life of the contract.