Contract Number: EI00294
Contract Date: 06/01/2023 – 05/31/2028
Agreement: Competitive
Renewals: 1 5-year renewal remaining
Award Summary: Click RFP Number Field to view all awarded suppliers
eProcurement: N/A
RFP Number & Name: EI00195~2023RFP / Equipment Maintenance Management Program
Contract Availability: Healthcare; Higher Education; K-12

Electronic Risks Consultants

The ERC contract allows E&I members to combine multiple maintenance agreements under one equipment maintenance program. Members benefit from guaranteed cost savings and reductions in administrative workloads while receiving the same level of coverage for their equipment and continuing to use preferred providers for all on-site maintenance events.

Electronic Risks Consultants (ERC) provides a comprehensive equipment maintenance management program (EMMP) that consolidates service agreements into a single point of contact. ERC works directly with members in all areas of equipment maintenance, including laboratory, research, medical, information technology, general office, security, and all other major categories. 

Contract Differentiators
  • ERC is not a subsidiary or broker agent 
  • Equipment covered across categories and departments, from communication and IT through scientific, industrial, office equipment, and more 
  • Benefits include agreement consolidation, vendor choice, and expanded coverage 
  • Flexible discount structure

Supplier Inclusion

Electronic Risks Consultants (ERC) is certified as a Small Business Enterprise (SBE) by the State of New Jersey. ERC can provide Tier 1 diverse spending solutions to E&I members. For more information about diversity certifications, see the contract documents tab or contact your E&I Representative for assistance.

More Information

Economic Benefit Model Statement

The E&I Economic Benefit Model™ (EBM) is a powerful tool that your institution can use to measure and communicate the overall value of its procurement activities. This benefit is derived from three key areas:

Using the EBM, each of E&I’s more than 215 competitively solicited contracts have been scored with a Total Economic Benefit™ (TEB) to member institutions.

The TEB of this Electronic Risks Consultants contract is in the range of 16.1-30.7%.

ECONOMIC BENEFIT MODEL

Total Economic Benefit of this Contract:

16.1-30.7%

The Economic Benefit Model TEB is determined from baseline cost comparisons using historical data, competitive intelligence, market benchmarking, vendor quotes, and related criteria.

To learn more, visit EBM or contact your E&I Member Representative.

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