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  5. ›Wholesale School, Office and Early Childhood Furniture

Awarded contract·The Interlocal Purchasing System (TIPS)·Texas

Wholesale School, Office and Early Childhood Furniture

Won by Worthington Direct, Inc.$5MSingle Award
Contract source

Awarded vendors

  • Worthington Direct, Inc.

Description

This contract is for the provision of wholesale school, office, and early childhood furniture to The Interlocal Purchasing System (TIPS) and its member customers. The contract has a term of 5 years and includes a minimum percentage discount of 5% off the vendor's catalog pricing. The vendor, Worthington Direct, Inc., will provide excellent knowledge and customer service related to the furniture category. Some key points to note about this contract include: • The contract is an Indefinite Delivery, Indefinite Quantity (IDIQ) contract, meaning that the quantities of furniture to be purchased are not fixed and will be determined on an as-needed basis. • The contract includes a provision for the vendor to provide a minimum percentage discount of 5% off their catalog pricing for all TIPS sales. • The vendor has certified that they will comply with all applicable federal laws and regulations, including those related to equal employment opportunity, labor standards, and environmental protection. • The contract includes a requirement for the vendor to report all TIPS sales to TIPS within three business days of the sale. • The contract has a term of 5 years, with the option for renewal.

Attached files

Key dates

Starts
6/1/2023
Ends
5/30/2028
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Indefinite Delivery / Indefinite Quantity (IDIQ)
Industry
Education
NAICS
423210
Solicitation №
TIPS 230301

Contract value

$5,000,000

Based on the contract description, it appears that the value of the contract is not explicitly stated. However, since the contract is for wholesale furniture and includes a minimum percentage discount of 5% off the vendor's catalog pricing, we can estimate the value of the contract based on the average annual sales of the vendor. Assuming an average annual sale of $1 million, and a contract term of 5 years, the total value of the contract could be estimated to be around $5 million. However, this is a rough estimate and the actual value of the contract could be higher or lower, depending on the actual sales and pricing.

AI estimate from the award documents

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