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Awarded contract·City of St. Petersburg, Florida·Florida

Management Services, Web-Based Parking Meters

Won by IPS Group Inc.$904kSingle Award
Contract source

Awarded vendors

  • IPS Group Inc.

Description

The City of St. Petersburg, Florida has entered into an agreement with IPS Group Inc. for the provision of management services and web-based parking meters. The agreement includes the provision of data management services, web management system, and meter data communications. The City will pay a monthly fee of $6.25 per meter, plus $0.13 per credit card transaction. The agreement also includes provisions for the purchase of spare parts and repair services. The City has the option to terminate the agreement if the Contractor fails to meet the service availability requirements. The agreement includes a warranty period of 12 months for new meter or sensor products.

Attached files

Key dates

Starts
3/5/2023
Ends
3/4/2026
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Information Technology and Software Development
NAICS
541512
Solicitation №
2024-247

Contract value

$903,842

The contract value can be estimated based on the pricing information provided in the contract document. The City will pay a monthly fee of $6.25 per meter, plus $0.13 per credit card transaction. The contract also includes provisions for the purchase of spare parts and repair services. Assuming an average of 1,000 meters, the annual revenue for the Contractor would be approximately $75,000 (1,000 meters x $6.25 per meter x 12 months). Additionally, the City may purchase spare parts and repair services, which could increase the contract value. Based on the pricing information provided, the total contract value is estimated to be around $903,842.52, as stated in the contract document.

AI estimate from the award documents

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