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  5. ›EMERGENCY MEDICAL SVCS RESTOCKING AGREEMENT

Awarded contract·Town of Queen Creek·Arizona

EMERGENCY MEDICAL SVCS RESTOCKING AGREEMENT

Won by Banner Health$1MSingle Award
Contract source

Awarded vendors

  • Banner Health

Description

The Emergency Medical Services Restocking Agreement is a contract between Banner Health and the Town of Queen Creek on behalf of the Queen Creek Fire and Medical Department. The agreement outlines the terms and conditions for the provision of restocking services for emergency medical supplies and pharmaceuticals. The contract includes provisions for the establishment of a procedure for replenishing supplies, the disposal of contaminated waste, and the maintenance of insurance coverage. The agreement also includes provisions for termination, notice, and dispute resolution. The contract is effective for a period of five years, with the option to renew for successive one-year terms. • The contract includes provisions for the establishment of a procedure for replenishing supplies and the disposal of contaminated waste. • The contract requires the vendor to maintain insurance coverage, including professional liability, general liability, and business auto insurance. • The contract includes provisions for termination, notice, and dispute resolution. • The contract is effective for a period of five years, with the option to renew for successive one-year terms. • The contract includes provisions for the payment of restocking charges, with the vendor providing restocking at a rate of the cost of the drug plus 10%.

Attached files

Key dates

Starts
8/31/2020
Ends
8/31/2025Renews
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Healthcare and Medical Services
NAICS
621110
Solicitation №
2020-103

Contract value

$1,000,000

The contract value is not explicitly stated in the contract document. However, based on the provisions for the payment of restocking charges, it is possible to estimate the contract value. The contract states that the vendor will provide restocking at a rate of the cost of the drug plus 10%. Assuming an average cost of $100 per unit of medication, the total cost of restocking charges per year could be estimated to be around $100,000 to $500,000, depending on the volume of medications restocked. Over the five-year term of the contract, the total contract value could be estimated to be around $500,000 to $2.5 million.

AI estimate from the award documents

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