4-Payment Terms - Ephraim Main.docx

This is a Payment Terms document for Snow College's Invitation for Bids (IFB) regarding Hoshizaki Ice Makers and Installation services. Snow College, located in Ephraim, Utah, is procuring furnishing, delivery, and installation of commercial ice-making equipment consisting of two modular crescent cube ice makers (Hoshizaki Model No. KM520MAJ or approved equivalent) and one modular nugget/cubelet ice maker (Hoshizaki Model No. F422MAKC or approved equivalent), along with all necessary adapters, mounting hardware, and interface kits for integration with existing Pepsi dispensing equipment. The scope includes removal and proper disposal of existing ice machines, delivery, installation, testing, and commissioning of new equipment. All work must be completed no later than August 14, 2026. Vendors may propose alternate products that meet or exceed all specifications, provided they submit complete manufacturer literature and specification sheets demonstrating compliance.

Payment terms are Net 30, with Snow College making payment via purchase order or credit card upon project completion and satisfaction of the project manager. No credit card processing fees are permitted and must be included in bid pricing. Suppliers requiring money down may be eliminated from consideration or required to provide performance and payment bonds in the amount of the bid, with bond costs included in the total bid price. All pricing must include shipping to Snow College Ephraim Campus, 150 College Avenue, Ephraim, Utah 84627. The College reserves the right to verify product compatibility with existing equipment and requires the awarded vendor to provide all necessary components for a complete and fully functional installation.