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City Ratifies Sole-Source Parking Technology Contract with IPS Group

City of Laredo logoCity of Laredo
Disclosed value
Not to exceed $75,000.00 annually; total contract value $750,000.00 over 10 years
From agenda
Document date
Mar 17, 2025
Renews
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The 30-second brief

What it covers

Laredo ratified a sole-source five-year lease program contract with IPS Group, Inc. for parking meter technology and related services, capped at $75,000 annually and $750,000 over up to ten years. The agreement supports ongoing parking enforcement technology needs and is contingent on future budget appropriations.

Who holds it

Ips Group Inc holds this technology contract with City of Laredo. Its other public contracts on record include work for City of Sandpoint and City of Pacific Grove.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Laredo contract.

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Contract details

Contract type
Technology
Amount
Not to exceed $75,000.00 annually; total contract value $750,000.00 over 10 years
Document date
March 17, 2025
Term
Initial term November 15, 2023 – November 14, 2028 with option for five additional one-year renewals
Renews
Free account
Vendor
Ips Group Inc
Agency
City of Laredo
Source document
City of Laredo Regular Meeting Agenda 2025-03-17 (Agenda)

Ips Group Inc's other public contracts

City of Sandpoint, IdahoSandpoint Reports Parking Technology Fees · Oct 21, 2026$5.9KCity of Pacific Grove, CaliforniaPacific Grove Pays IPS Group for Meter Fees · Oct 21, 2026$1.7KCity of Beverly Hills, CaliforniaBeverly Hills Recommends IPS Parking Meter Amendment · Oct 20, 2026UndisclosedCity of Pismo Beach, CaliforniaPismo Beach Approves IPS Parking Transaction Fees · Oct 20, 2026$6.2KCity of Charlevoix, MichiganCharlevoix Lists IPS Group Municipal Technology Payment · Oct 19, 2026$4.1KAll Ips Group Inc contractsVendor profile

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Questions about this contract

Who was awarded the technology contract by City of Laredo?

Ips Group Inc was awarded this technology contract by City of Laredo, as recorded on March 17, 2025. The contract value is Not to exceed $75,000.00 annually; total contract value $750,000.00 over 10 years.

How much is the Ips Group Inc contract with City of Laredo worth?

The Ips Group Inc contract with City of Laredo is valued at Not to exceed $75,000.00 annually; total contract value $750,000.00 over 10 years, covering technology work.

What type of contract is this?

This is a Technology contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Laredo Regular Meeting Agenda 2025-03-17 (Agenda), dated March 17, 2025 from City of Laredo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Ips Group Inc hold?

Ips Group Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Laredo currently buying?

Explore City of Laredo's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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