The contract is for elevator upgrades at the University of Akron, specifically for the Kolbe E1, Bierce E1 and E2, and Auburn E4 and E5 elevators. The contract has an estimated value of $860,000, with several alternates totaling $1,420,000. The contract was awarded through a sealed bid process, with several companies submitting bids. The University of Akron's Department of Purchasing is the contracting agency, and Shandra Irish is the bid contact. Key aspects of the contract include the scope of work, which involves upgrading the elevators, and the pricing, which is based on a fixed-price contract. The contract also includes a pre-bid meeting and a bid opening, which were attended by several companies.