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Awarded contract·Sourcewell·Minnesota

Paint, Supplies, & Equipment

Won by The Sherwin-Williams Company$10MSingle Award
Contract source

Awarded vendors

  • The Sherwin-Williams Company

Description

This contract is for the provision of paint, supplies, and equipment to Sourcewell and its participating entities. The contract has a term of four years, with the option for up to three additional one-year extensions. The Sherwin-Williams Company was awarded the contract in response to a public solicitation issued by Sourcewell. The contract includes a wide range of paint and painting-related products, including interior and exterior paints, coatings, and accessories. Some key points of the contract include: * The contract allows for an indefinite quantity of sales, with no guaranteed minimum or maximum purchase amount. * The vendor is required to provide a current means to validate or authenticate its authorized dealers, distributors, or resellers. * The contract includes provisions for product and pricing changes, as well as for the addition or removal of products from the contract. * The vendor is required to provide a contract sales activity report to Sourcewell on a quarterly basis. * The contract includes an administrative fee, which is a percentage of the total sales under the contract. * The vendor is responsible for maintaining insurance coverage, including workers' compensation, commercial general liability, and umbrella insurance. Some benefits of this contract to the participating entities include: * Access to a wide range of paint and painting-related products at competitive prices. * The ability to purchase products through a streamlined and efficient process. * The option to take advantage of additional services, such as business reviews and marketing support. Overall, this contract provides a convenient and cost-effective way for participating entities to purchase paint, supplies, and equipment, while also supporting the goals and objectives of Sourcewell and its members.

Attached files

Key dates

Starts
1/16/2024
Ends
11/8/2027Renews
Duration
4 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Manufacturing
NAICS
325510
Solicitation №
54749

Contract value

$10,000,000

The value of the contract is not explicitly stated in the document. However, based on the fact that the contract allows for an indefinite quantity of sales, with no guaranteed minimum or maximum purchase amount, it is likely that the value of the contract will be significant. The administrative fee, which is a percentage of the total sales under the contract, also suggests that the value of the contract could be substantial. Assuming an average annual purchase amount of $1 million to $5 million, the total value of the contract over its four-year term could be in the range of $4 million to $20 million.

AI estimate from the award documents

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