What Is Contract Pricing & What Are the Benefits?

States and municipalities often rely on contract pricing to procure essential items and meet operational goals while remaining within budget. Contract pricing for goods or services can make it easier for states and local governments to purchase what they need, like life-saving equipment for law enforcement, at a lower, more affordable price point and in a more expedient manner. Additionally, purchasing off contract allows many agencies to avoid having to go through an RFP process, allowing for more streamlined purchasing and payment.

According to a government contracting guide, more than 100,000 unique government entities purchase goods and services, valued at nearly 1.5 trillion dollars annually through the state, local, and education (SLED) government market. This represents nearly ten percent of the nation’s GDP.

Contract pricing between private companies and state and local governments can be used across a wide variety of needs, from materials for the improvement of roadways and other infrastructure to environmental studies. It can also provide opportunities for increasing public safety by supplying law enforcement with the latest life-saving technology and protective gear.

Contract Pricing With Kustom Signals

Kustom Signals has been serving customers since 1965. That’s nearly sixty years of building trust, loyalty, and delivering superior quality products and services. As a company committed to meeting and exceeding the needs of the public safety markets, we strive to be your most trusted provider in speed enforcement, video evidence solutions, and other policing tools.

We know that for many law enforcement agencies, budget cuts are a reality. They often mean limited funds for equipment that could have a significant impact on the safety of your officers and the community you serve. Contract pricing with Kustom Signals can support your agency by providing faster purchasing power and lower prices that won’t topple an already stretched budget.

Understanding the Purchasing Process

At Kustom Signals, we work with state and local procurement, as well as purchasing cooperatives, such as NASPO, to facilitate contracts and purchasing agreements that can help save money for our customers, including law enforcement agencies of all sizes. States and local governments may have varied contract opportunities, including the typical “request for bid” as well as requests for proposals and requests for quotations.

Generally speaking, the request for bid process looks for the vendor with the right products/services listing for the lowest price. The request for proposal process compares and evaluates prices as well as the merits of several competing vendors. A request for quotation asks the vendor to supply what may be the potential cost of their goods and/or services.

It may be possible for a municipality to forgo the bid process when purchasing directly through a contracted vendor.

Benefits of Forgoing the Bidding Process

Municipalities can benefit from forgoing the standard bid process and purchasing directly through a contracted vendor. This will allow purchasers to leverage pre-negotiated contracts with vetted vendors, thereby streaming the procurement processes to save administrative time and resources. 

This approach helps to ensure that municipalities receive goods and services at competitive prices because these contracts are typically established through thorough market analysis and volume discount negotiations. Bypassing the bid process can also enable quicker response times to urgent needs and projects. 

What You Need to Know About NASPO Speed Contracts

The National Association of State Procurement Officials (NASPO) is “a non-profit association dedicated to advancing public procurement through leadership, excellence, and integrity.” With a diverse membership, NASPO includes directors from the central purchasing offices of all 50 states plus from the United States territories and the District of Columbia.

Customers seeking procurement of police RADAR and LIDAR products for their agencies can review the Kustom Signals NASPO Speed Contract for our various industry-leading products. Our team has also been awarded NASPO Video Contracts for the following categories:

  • Body Worn Video Cameras and Recording Devices
  • Vehicle Mounted Video and Recording Devices
  • Video Storage, Data Security, Software and Peripherals

For more information regarding the Kustom Signals NASPO contracts, contract pricing, and quotes on any of our products, please contact us today.

Categories : Urban Policing

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