Contract 26259687

The University of North Texas (Agency 752) awarded a term contract to The Hertz Corporation for vehicle rental services under Contract 975-C1. The award was issued on May 6, 2026, with a cumulative contract value of $123.87. The Hertz Corporation, headquartered at 8501 Williams Road, Estero, Florida, will provide the specified services, with shipment directed to the United States. The contract is governed by Texas tax exemption provisions under Texas Tax Code Section 151.309(4), exempting the State of Texas from federal excise taxes and state and city sales taxes for purchases securing property for exclusive use by the State of Texas or its political subdivisions.

The purchase order contains a single line item (NIGP Code 97514) for one unit of commodity "A" at a unit price of $123.87. While the completion date listed as September 15, 2025, predates the award date of May 6, 2026, indicating a potential data discrepancy, the contract is classified as a term contract with no additional pricing terms, option periods, renewals, or set-asides specified in the available documentation. This contract represents a minimal-value procurement under the University of North Texas's vehicle rental services requirements.