Contract Summary

This is a State of Illinois contract award documentation establishing a Blanket Order/Requirements contract (BOA) between the State of Illinois, through its Chief Procurement Office, and KAP Holdings, LLC, represented by Kevin A. Price. The contract is valued at $50,000 and is classified as a BOA under $50,000 with a Base Ordering Agreement structure. The contract was executed on June 23, 2026, with an effective date of June 23, 2026, and includes standard terms and conditions governed by Illinois law.

The contract pertains to Canterbury Custodian & DTC Broker Food Storage Container services. Key contractual details include a Unit Price of $2.45 per item, a Page Total of $23.62 for the initial order, and a BOA Total Limit of approximately $25,383.62. The contract specifies payment terms in accordance with the State Prompt Payment Act, insurance requirements including General Commercial Liability coverage of $1,000,000 per occurrence and $2,000,000 annual aggregate, and compliance with prevailing wage requirements where applicable. The vendor is designated as an independent contractor and must maintain all certifications and licenses necessary for performance. The contract is subject to availability of appropriation and may be terminated for convenience with thirty days' notice or for cause upon material breach.