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  5. ›Campus Tow Service

Awarded contract·Eastern Kentucky University, Department of University Procurement·Kentucky

Campus Tow Service

Won by Big Hill Towing$1.2MSingle Award
Contract source

Awarded vendors

  • Big Hill Towing

Description

The contract is for campus-wide towing and storage services at Eastern Kentucky University. The successful contractor will be required to provide towing services to the university's impound lot, as well as storage services at the contractor's impound lot. The contract has a term of one year, with an option to renew for four additional one-year periods. The university desires pricing to be firm throughout the life of the contract, including renewal years. Some key points about the job's work and scope-of-work include: • The contractor must have a secure and accessible impoundment lot. • The contractor must have tow trucks available for service calls 24 hours a day, 7 days a week. • The contractor must have a working two-way communication system capable of communication with each tow truck. • The contractor must arrive at the location requested within 20 minutes from the time the request is made. • The contractor must assist and obey the instructions of the Parking Control Officer, Police Officer, or Cadet employee at the scene. • The contractor must be directed by the Parking Control Officer, Police officer, or Public Safety Officer to assist a university department, construction contractor, etc., to move vehicles within a parking lot or construction site.

Attached files

Key dates

Duration
1 year

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Transportation and Public Transit
NAICS
484220
Solicitation №
ITB-185-2022

Contract value

$1,230,625

The contract value can be estimated based on the pricing provided by the successful bidder, Big Hill Towing. The prices are as follows: $50.00 for towing service to EKU impound lot, $50.00 for towing service to contractor impound lot, and $35.00 per day for storage fee. Assuming an average of 10 towing services per day, and an average storage period of 5 days, the total annual revenue can be estimated as follows: 10 towing services per day * $50.00 per service * 365 days per year = $182,500 per year 5 days of storage per vehicle * $35.00 per day * 365 vehicles per year (assuming 1 vehicle per day) = $63,625 per year Total estimated annual revenue: $182,500 + $63,625 = $246,125 per year The total contract value for the 5-year period (1 year + 4 optional years) can be estimated as: $246,125 per year * 5 years = $1,230,625

AI estimate from the award documents

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