The Chicago Park District has awarded a contract to RAE Products and Chemicals Corporation for the supply and delivery of paint and related supplies. The contract has an initial term of one year, with four optional one-year extensions. The contract amount is not to exceed $950,146.83 annually. The contractor will provide paint and related supplies, including primers, sealers, stains, and tools, to the Chicago Park District on an as-needed basis. The contract was awarded through a publicly advertised Invitation for Bid (IFB) process, and RAE Products and Chemicals Corporation was determined to be the lowest responsible and responsive bidder.
Key points of this contract include:
* The contract term is for one year, with four optional one-year extensions
* The contract amount is not to exceed $950,146.83 annually
* The contractor will provide paint and related supplies, including primers, sealers, stains, and tools
* The contract was awarded through a publicly advertised IFB process
* RAE Products and Chemicals Corporation was determined to be the lowest responsible and responsive bidder