WEX Bank — Fleet card and related services
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AI Contract Overview
The Sourcewell Master Agreement 030625 establishes a cooperative purchasing contract with WEX Bank to provide fleet payment solutions and related services to eligible public entities, including governmental, educational, and nonprofit agencies across the United States and Canada. This award was the result of a competitive solicitation process involving a comprehensive evaluation of financial viability, delivery capabilities, and pricing. The agreement provides participating agencies with access to WEX Fleet Cards, which include rebates for retail, fuel, and in-store purchases at participating service locations. Beyond standard fuel payments, the contract encompasses a broad scope of fleet management tools, including telematics products, information management services, and an EV Charging En Route Solution for electric vehicle infrastructure. The agreement is structured as an indefinite quantity contract with non-exceed and open market pricing provisions. It is governed by Sourcewell's cooperative purchasing program and was ratified following a formal board resolution and evaluation process to ensure compliance with Minnesota law and procurement policies.
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