FINANCIAL_SERVICESAPPROVED

City of Wickliffe Awards Financial Services Contract to Lubrizol Advanced Materials Inc (August 2026)

Lubrizol Advanced Materials, Inc. joins The Lubrizol Corporation in a 15-year Job Creation and Retention Incentive Agreement with the City of Wickliffe. The City will provide capped annual Job Incentive Payments or corresponding tax credits based on excess payroll tax withholdings generated at the Wickliffe Project Site.

Status
APPROVED
Document date
August 23, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Lubrizol Advanced Materials Inc
Agency
City of Wickliffe · OH

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Job Incentive Payment not to exceed $1,000,000 annually for first 5 years, $750,000 annually for following 5 years, and $500,000 annually for final 5 years, subject to Excess Withholdings calculation
Contract type
FINANCIAL_SERVICES
Contract term
January 1, 2029 – December 31, 2043 (15 years)
Renewal date
2043-12-31
Renewal
Shares the same 15-year base term from January 1, 2029 as the overall agreement, with no automatic renewal provisions; termination by the Company or City follows the agreement’s general termination clauses. Future renewals or amendments require a written instrument executed by both the City and Company.
Document type
Agreement
Source document
City of Wickliffe Job Creation and Retention Incentive Agreement 2026-08-23

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Wickliffe?

Lubrizol Advanced Materials Inc was awarded this financial services contract by City of Wickliffe, as recorded on August 23, 2026. The contract value is Job Incentive Payment not to exceed $1,000,000 annually for first 5 years, $750,000 annually for following 5 years, and $500,000 annually for final 5 years, subject to Excess Withholdings calculation.

How much is the Lubrizol Advanced Materials Inc contract with City of Wickliffe worth?

The Lubrizol Advanced Materials Inc contract with City of Wickliffe is valued at Job Incentive Payment not to exceed $1,000,000 annually for first 5 years, $750,000 annually for following 5 years, and $500,000 annually for final 5 years, subject to Excess Withholdings calculation, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Wickliffe Job Creation and Retention Incentive Agreement 2026-08-23 (Agreement), dated August 23, 2026 from City of Wickliffe. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lubrizol Advanced Materials Inc hold?

Lubrizol Advanced Materials 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.

View Lubrizol Advanced Materials Inc's profile

What is City of Wickliffe currently buying?

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

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