Hyundai — Forklifts

The Sourcewell contract 053024-HCE is a cooperative purchasing agreement between Sourcewell and HD Hyundai Construction Equipment North America, Inc. for the procurement of forklifts, lift trucks, and related products and services. Established through a competitive solicitation process that began in April 2024, this contract provides a streamlined procurement solution for governmental, educational, and nonprofit agencies across the United States and Canada. The scope of the agreement encompasses a wide array of equipment, including Classes I through VII trucks and container handlers, ensuring that participating agencies have access to a comprehensive range of material handling solutions. Under the terms of the agreement, participating agencies benefit from a specific pricing model where Classes I, II, and V equipment are offered at list price minus 30 percent, while Classes III and VI are priced at dealer net plus 10 percent. The contract outlines detailed requirements regarding warranties, dealer and distributor validation, shipping and return provisions, and procedures for product or pricing changes. This agreement is part of a broader procurement effort by Sourcewell to establish vetted, high-quality supplier contracts for public sector entities, with a response deadline extending through July 23, 2028.