Heavy Construction Equipment

This indefinite‑quantity contract, administered by Sourcewell for its member governments (including Fauquier County, VA), awards Caterpillar Inc. the right to sell new heavy construction equipment—wheel loaders, excavators, motor graders, bulldozers, cranes, and related attachments—to participating entities at discounted list‑price rates. The agreement runs for four years with a possible one‑year extension, includes a 0.33 % administrative fee paid by Caterpillar to Sourcewell, and requires quarterly sales‑activity reporting. Payments are made within 45 days of invoicing or delivery. The contract does not cover construction services or stand‑alone accessories and excludes equipment already covered by other Sourcewell solicitations. • Scope: New heavy construction equipment (loaders, excavators ≥150 hp, graders ≥30,000 lb, cranes ≥300 ton lift) plus optional technology and training. • Financials: Discounted pricing (3‑34 % off list), 0.33 % admin fee, estimated annual transaction volume $950 M, 45‑day payment terms. • Governance: Minnesota law, venue in Todd County, MN; 30‑day termination for convenience, 60‑day cancellation notice, 5‑year record retention.