Renewal Notice for Scrap Metal Services Regions 7-9

This is a renewal notice for a contract for Recycling Services for Scrap Metal Services in Regions 7-9 in the state of Illinois. The contract was initially awarded to Fritz Kraemer dba Kraemer Purchasing for a term of February 13, 2024 to February 12, 2026, with the option to renew for up to 3 additional terms. The contract is being renewed per 30 ILCS 500/53 and IL Admin 44 Section 5010.980. The contract has a total award amount of $0.00, as this is a revenue-generating procurement/concession. The estimated financial return to the State for the life of the contract, including renewals, is 36%, with the estimated gross revenue to the vendor for the life of the contract, including renewals, at 64%.

There were no unsuccessful bidders for this contract, and it was awarded to the lowest priced responsive and responsible bidder. No Business Enterprise Program (BEP) or Veteran's Business Program (VBP) utilization requirements were noted in the documentation. The renewal notice was posted on February 5, 2024, with a due date of February 20, 2024.