The contract is for the purchase of a new front wheeled loader equipped with a CAT bucket quick attachment and a 3 ½ yard bucket. The loader must meet specific specifications, including a minimum horsepower of 180, a dry type air cleaner, and a cooling package with a wide core condenser. The contract was awarded to Quinn Company, with a total cost of $188,315.48. The delivery time is 120-150 days, and the payment terms are net 30.