The contract is for the lease of heavy equipment for the Hernando County Solid Waste Department. The contract was awarded to Ring Power Corp and has a total value of $3,650,796. The contract duration is approximately 3 years and 6 months, from October 1, 2020, to March 30, 2024. The contract includes provisions for payment, delivery, and maintenance of the equipment. Some key points about this contract include:
• The contract is a term contract for services and supplies.
• The contract was awarded through a competitive solicitation process.
• The contract includes a provision for a 10-day discount for prompt payment.
• The contract includes a provision for a 20-day payment term.
Some key factors that may influence the likely contract value include the type and quantity of equipment leased, the duration of the contract, and the payment terms.