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Awarded contract·City of Port St. Lucie·Florida

Online Auction Services (Sourcewell Contract #012821)

Won by The Public Group, LLC$100kSingle Award
Contract source

Awarded vendors

  • The Public Group, LLC

Description

The City of Port St. Lucie has awarded a contract to The Public Group, LLC for online auction services. The contract has a term of one year, with the option to renew. The vendor will provide online auction services to the city and its participating agencies. The contract includes a sliding scale of volume discounts, with a 7% auction fee for most items, 6% for items over $100,000, and 5% for items over $500,000. The vendor will also provide customer support and marketing services to promote the online auction platform.

Attached files

Key dates

Starts
3/7/2024
Ends
3/19/2026Renews
Duration
1 year

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Information Technology and Software Development
NAICS
519130
Solicitation №
20240049

Contract value

$100,000

The value of this contract is difficult to estimate, as it is based on a percentage of the sales revenue generated by the online auction platform. However, based on the volume discounts offered, it is likely that the contract value will be significant. Assuming an average auction fee of 6-7%, and an average annual sales revenue of $1-2 million, the contract value could be in the range of $60,000 to $140,000 per year.

AI estimate from the award documents

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