Vehicle Rental Services

The Teacher Retirement System of Texas (Agency 323) awarded a term contract to The Hertz Corporation for vehicle rental services. The purchase order, issued on November 5, 2025, was placed under contract number 975-C1 with a cumulative value of $38.32. The Hertz Corporation, headquartered at 8501 Williams Road, Estero, Florida 33928, serves as the prime contractor for this procurement. The contract encompasses one line item classified under National Institute of Governmental Purchasing (NIGP) Code 97514, with a unit price of $38.32 per unit.

The contract represents a single purchase order transaction with no specified renewal periods or option periods noted in the procurement documentation. As a state agency, the Teacher Retirement System of Texas is exempt from federal excise taxes and state and local sales taxes under Texas Tax Code Section 151.309(4). The minimal contract value and singular line item suggest this transaction may represent either a nominal service charge, administrative fee, or ancillary cost associated with vehicle rental services rather than a substantial procurement of vehicle rental capacity.