99 -- SCRAP VENTURE

The contract concerns the Defense Reutilization and Marketing Service's Scrap Venture, a multi-year agreement for the sale of scrap materials at locations across the continental United States and Alaska. The initiative involves a large-scale disposal effort whereby the successful bidder will secure the rights to purchase nearly all scrap material generated by DRMS within the specified regions. The sale is set for a minimum term of seven years, with a possible extension up to ten years based on DRMS’s discretion. Key milestones include the posting of the Request for Technical Proposals (RFTP) and Draft Invitation for Bids (IFB) on March 22, 2004, with the submission deadline for technical proposals on May 4, 2004, and bids expected by around June 30, 2004. The contract terms reflect modifications made in response to industry feedback gathered at the DRMS Scrap Venture Industry Forum, emphasizing the importance for prospective offerors to thoroughly review the RFTP and Draft IFB before submission. Only those offerors who are deemed technically qualified will be invited to submit bids. The contract package can be accessed through the DRMS website, with direct distribution available via email request for those unable to access the online materials. This initiative represents a significant opportunity for commercial entities specializing in scrap material recycling and resale to engage in a long-term, government-backed procurement.