4-Payment Terms - Ephraim Main.docx

This is a Payment Terms document for Snow College's Ephraim Campus, detailing the financial requirements and payment conditions for a pest control services contract. The College will process payments within Net 30 terms using either purchase orders or credit cards, with all credit card processing fees required to be included in bid pricing. Payment will be issued upon project manager satisfaction and total project completion. Any supplier requiring money down payments may be eliminated from consideration or required to provide performance and payment bonds in the amount of the total bid, with bond costs included in the final bid price. All pricing must include shipping to Snow College Ephraim Campus, 150 College Avenue, Ephraim, Utah 84627.

The payment structure establishes clear financial expectations for vendors responding to this solicitation. Bidders must ensure all costs—including shipping, credit card processing fees if applicable, and any required bonding—are incorporated into their total bid price with no additional charges to be passed to the College. The emphasis on completion-based payment and the option to require performance bonds demonstrates Snow College's commitment to risk mitigation and ensures vendor accountability for delivering comprehensive pest control services across campus facilities and student housing.