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Awarded contract·Sourcewell·Minnesota

Heavy Construction Equipment

Won by Caterpillar Inc.$30MSingle Award
Contract source

Awarded vendors

  • Caterpillar Inc.

Description

This contract is for the provision of heavy construction equipment, products, and services to Sourcewell and its participating entities. The contract has a term of three years, with the option to renew for an additional year. The contract includes provisions for pricing, payment, and warranty, as well as requirements for insurance and compliance with laws and regulations. The contract also includes a trademark license agreement between Sourcewell and Caterpillar Inc. The scope of work includes the provision of equipment, products, and services, including maintenance and repair, as well as the provision of training and support to participating entities. Some key points include: • The contract is for an indefinite quantity of sales, with substantial volume anticipated but not guaranteed. • The equipment and products provided must be new and the current model, unless otherwise agreed to by the participating entities. • The supplier must provide a warranty for all equipment, products, and services, and must pass on any manufacturer's warranty that extends beyond the expiration of the supplier's warranty. • The contract includes provisions for auditing and reporting, as well as for dispute resolution and termination. • The contract also includes provisions for intellectual property, publicity, marketing, and endorsement, as well as for governing law, jurisdiction, and venue.

Attached files

Key dates

Starts
6/18/2024
Ends
4/17/2027Renews
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Construction
NAICS
333120
Solicitation №
54897

Contract value

$30,000,000

The value of this contract is difficult to estimate, as the contract is for an indefinite quantity of sales, and the pricing is based on a percentage list discount. However, based on the fact that the contract is for a term of three years, with an option to renew, and that the contract includes provisions for substantial volume, it is possible to estimate the value of the contract. Assuming an average annual sales volume of $10 million, the total value of the contract over the three-year term would be approximately $30 million.

AI estimate from the award documents

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