Equipment Rental Rate Subscription

This state and local contract opportunity is an Invitation for Bid (IFB) issued by the Illinois Department of Transportation (IDOT) for an online subscription service to provide Federal Highway Administration (FHWA) approved rental rates for construction equipment. The selected vendor must provide access to a database covering at least 10,000 different equipment models, from current to 30 years old, with detailed rental rates, an internal charge rate calculator, and a specification finder functionality. The initial contract term is 12 months, with two 2-year renewal options, for a potential total term of up to 10 years. Bids are due on September 22, 2020 at 1:30 PM CST. The pricing structure includes an initial 28 user subscriptions, with additional tiers for 1-10, 11-20, and 21 or more users. Payment terms are net 30 days, and there are no taxes or expenses allowed. This is not a set-aside contract for small, minority, women, or disabled-owned businesses. The current incumbent vendor is unknown. The total contract value is not to exceed an amount to be determined by the State prior to execution, and the contract will be funded with state funds.