Sedans - Triple Net Invoice including Government Incentives percentage
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Iowa DAS Fleet Services is soliciting bids from qualified dealerships to supply sedans for government fleet use under a contract beginning October 1, 2026, and expiring September 30, 2027, with the possibility of two one-year renewals by mutual agreement. Bidders must propose a fixed percentage rate applied to the Triple Net Invoice, which represents the dealer’s true cost for each vehicle inclusive of all government incentives, rather than setting individual vehicle prices. This percentage will determine the service fee added to the base cost for each vehicle purchased under the contract. Vendors are required to provide detailed itemized Triple Net Invoices for every vehicle, which DAS Fleet will review and approve before issuing a purchase order that includes both the vehicle cost and the agreed-upon service fee. In addition, bidders must specify a per-mile delivery rate. The contract is non-exclusive, allowing the State of Iowa and eligible political subdivisions to procure similar vehicles through other means. All bids must be submitted by August 17, 2026, and any amendments issued after submission require bidders to review, update, and resubmit their bids. Bidders are responsible for ensuring full compliance and completeness of their submissions, and the state reserves the right to award one or more contracts based on competitive evaluation. Information for submission is accessible via the online portal, and primary contact for inquiries is Rick Tucker of Iowa DAS Fleet Services.
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