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Awarded contract·Borough of Garwood·New Jersey

Contract

Won by 72 Hour LLC d/b/a National Auto Fleet Group (NAFG)$250MAwarded 11/4/2021Single Award
Contract source

Awarded vendors

  • 72 Hour LLC d/b/a National Auto Fleet Group (NAFG)

Description

This contract establishes a long‑term cooperative purchasing agreement for the supply of new (or clearly identified refurbished) automobiles, SUVs, vans, light‑trucks, chassis, and related equipment/accessories to a wide range of public sector entities (state, local, tribal, K‑12, higher‑ed, nonprofit, and Canadian public entities) that participate in Sourcewell’s program. The vendor, National Auto Fleet Group, will provide the vehicles at or below the prices quoted in its proposal, with an administrative fee already embedded in the contract price. Quarterly sales‑activity reports and administrative‑fee remittances are required within 45 days of each quarter’s end. The contract runs from 11 Apr 2021 through 8 Nov 2025, with a possible one‑year extension upon mutual written agreement. Cancellation may be initiated by either party with 60 days notice, or immediately by Sourcewell for material defects. Key compliance elements include warranty obligations, insurance requirements, audit rights, and adherence to various federal and state procurement statutes. • Supplies unlimited quantity of vehicles and related accessories to participating entities. • Vendor must maintain specific insurance coverage and submit quarterly reports/payments. • Fixed‑price, unit‑price structure with net‑20 payment terms to the vendor.

Attached files

Key dates

Bids closed
9/14/2021
Intent to award
11/4/2021
Awarded
11/4/2021
Starts
4/11/2021
Ends
11/8/2025Renews
Duration
4 years 7 months

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Automotive Manufacturing
NAICS
441110
Solicitation №
Contract 091521‑NAF

Contract value

$250,000,000

The contract does not disclose a total dollar ceiling, but the vendor reports > $200 M annual sales across all government contracts and indicates a large, indefinite volume of vehicles. Assuming an average vehicle price of $35,000 and a modest annual procurement volume of 2,000 vehicles for Sourcewell participants, the annual spend would be roughly $70 M. Over the 4.5‑year term, this suggests a contract value in the range of $300 M–$350 M. Given the uncertainty of volume, a conservative ballpark estimate of $250 M is reasonable.

AI estimate from the award documents

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