Sourcewell Contract #032119-CAT | Amendment #1
AMENDMENT #1
TO
CONTRACT #032119-CAT
THIS AMENDMENT is by and between Sourcewell and Caterpillar Inc. (Vendor).
Sourcewell awarded a contract to Vendor for Heavy Construction Equipment with Related Accessories, Attachments, and Supplies effective May 13, 2019, through May 13, 2023 (Contract). Vendor implemented changes to its dealer reporting system and now wishes to modify the Contract to accurately report Administrative Fee payment calculations.
The parties wish to amend the following terms within the Contract:
1. This Amendment is effective upon the date of the last signature below.
2. Any Contract term related to calculation of Administrative Fee that is paid to Sourcewell is deleted and replaced with the following:
“Vendor will pay to Sourcewell an Administration Fee calculated at 0.33% of Caterpillar’s MSRP for each piece of equipment purchased by Sourcewell’s Participating Entities.
Caterpillar will pay the Administration Fee to Sourcewell on a quarterly basis.”
Except as amended above, the Contract remains in full force and effect.
Sourcewell Caterpillar Inc.
B y : B y :
Jeremy Schwartz, Chief Procurement Officer Dawn Zink
D a t e : T i t l e :
Approved: Date:
B y :
Chad Coauette, Executive Director/CEO
D a t e :