BidNet selected for web-based bidding and procurement platform
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Description
American International Academy awarded a contract to International Data Base Corp. dba BidNet for web-based solicitation, bidding, and support services. The agreement covers a 12-month term with automatic annual renewal and no base subscription fees, but includes charges for optional programming, mailing, press, and auction sales.
Contract Details
Contract Amount
No subscription fees; Programming: $125/hr; Surplus Auction: 5% commission; mailing and press distribution reimbursed at cost
Vendor
INTERNATIONAL DATA BASE CORP DBA BIDNET
Agency
American International Academy, MI
Contract Type
TECHNOLOGY
Document Date
January 1, 2024
Contract Term
Initial term: 12 months; renews in one-year increments; effective from execution date
Renewal Info
Initial 12-month term with automatic renewal in one-year increments unless terminated by either party with 60 days' notice. Amendments require written agreement.
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