Vermeer — Public utility equipment

Master Agreement 091125-VRM is a cooperative purchasing contract between Sourcewell, a Minnesota service cooperative, and Vermeer Manufacturing Company for the provision of public utility equipment, including aerial lifts, digger derricks, and directional drills, along with related accessories and supplies. The agreement is designed to serve governmental, educational, nonprofit, and tribal agencies across the United States and Canada. The contract has a base term of four years, effective from October 16, 2025, to October 15, 2029, with the possibility of three one-year extensions, bringing the total potential duration to seven years. The estimated annual contract value is 170 million dollars, with a total projected value ranging between 680 million and 1.19 billion dollars over the full potential term. Vermeer provides these solutions through an extensive network of over 150 authorized dealerships across all U.S. states and Canadian provinces, ensuring comprehensive geographic coverage for delivery, installation, and service. Participating entities receive discounts ranging from 2 percent to 14 percent off list prices, with additional volume and loyalty discounts available. The award was based on a best-value trade-off methodology, prioritizing the ability to deliver solutions, marketing strategy, and financial viability. The supplier is required to maintain compliance with various federal and state standards, including the Davis-Bacon Act, Equal Employment Opportunity regulations, and specific certifications regarding bankruptcy, debarment, and OFAC compliance.