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

Books, Library, and Educational Materials

Won by Demco, Inc$15MSingle Award
Contract source

Awarded vendors

  • Demco, Inc

Description

This contract is for the provision of books, library, and educational materials to public entities and qualifying non-profits through The Interlocal Purchasing System (TIPS), a governmental entity and a national purchasing cooperative. The contract has a term of three years with a one-year renewal option. The vendor, Demco, Inc, has agreed to provide its products and services at a discounted price to TIPS members. The contract also includes provisions for indemnification, termination, and audit rights. The key points of this contract include: * The contract is for the provision of books, library, and educational materials. * The term of the contract is three years with a one-year renewal option. * The vendor has agreed to provide its products and services at a discounted price to TIPS members. * The contract includes provisions for indemnification, termination, and audit rights. * The vendor is responsible for reporting all TIPS sales and paying administrative fees to TIPS. Some of the benefits of this contract to the client include: * Access to discounted prices for books, library, and educational materials. * The ability to purchase products and services from a reputable vendor. * The security of knowing that the vendor has agreed to indemnify TIPS and its members against any claims or losses. * The flexibility to terminate the contract if the vendor fails to perform its obligations. * The transparency of the contract terms and conditions, which can help to build trust between the parties.

Attached files

Key dates

Starts
12/1/2023
Ends
11/30/2026Renews
Duration
3 years

Last updated

Details

Award type
Single Award
Industry
Education
NAICS
511130
Solicitation №
TIPS.230904

Contract value

$15,000,000

The value of this contract is not explicitly stated in the contract document. However, based on the fact that the contract is for the provision of books, library, and educational materials to public entities and qualifying non-profits, it is likely that the value of the contract is in the millions of dollars. The contract also includes provisions for administrative fees, which suggests that the value of the contract is significant. A rough estimate of the value of the contract could be $1 million to $5 million per year, depending on the number of TIPS members who participate in the contract and the volume of purchases made.

AI estimate from the award documents

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