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Notice of Intent to Use National Cooperative - SOURCEWELL - HERC RENTALS

BID #: 404
DUE: 8/11/2026
VALUE: TBD
100
Rating

Risk Rank

Green Risk

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Executive Summary

This document serves as a Notice of Intent for a municipal entity to utilize a national cooperative purchasing agreement through SOURCEWELL with HERC RENTALS. While the specific municipality is not explicitly stated in this snippet, the notice indicates an upcoming procurement action for the acquisition of rental equipment. The core project involves leveraging an established cooperative contract to procure necessary machinery, vehicles, or other equipment rentals, thereby streamlining the procurement process and potentially achieving cost efficiencies through pre-negotiated terms. This mechanism allows government agencies to acquire goods and services without conducting a full competitive bid process locally, relying instead on the competitive solicitation already performed by the cooperative purchasing organization. Specific contractor qualifications, licenses, or extensive experience requirements are not outlined in this Notice of Intent, as HERC RENTALS, as a vendor on the SOURCEWELL cooperative, has presumably already met rigorous pre-qualification standards. These standards typically include demonstrating financial stability, possession of relevant industry licenses, adherence to safety regulations, and a proven track record of providing high-quality rental equipment and associated services to public sector clients. No mandatory pre-bid meetings or site visits are indicated for this notice, as the intent is to proceed with an existing contract rather than initiate a new competitive dialogue with vendors. This document does not specify detailed submission instructions, an exact deadline date/time for proposals, or requirements for bid security/bonds, as it is a notice of intent to procure via an established cooperative agreement rather than an open solicitation. For entities interested in this procurement, it implies engagement with the SOURCEWELL contract framework. No specific contact information for this particular notice is provided within the excerpt; however, inquiries regarding cooperative agreements are typically directed to the contracting municipality's purchasing department or directly to the cooperative organization.

Detailed Risk Breakdown

local preference

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performance bond

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liquidated damages

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Timeline

First Discovered

Jul 31, 2026

Last Info Update

Aug 12, 2026

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