4-Payment Terms - Ephraim Main.docx

This is a payment terms document for Snow College in Utah related to a bid for three Fox 330-G student model oboes. The college seeks to procure new wood construction oboes, each including an oboe case, swabs, cork grease, and additional daily-care essentials required for proper instrument maintenance. The equipment will be delivered to Snow College's Ephraim Campus located at 150 College Avenue, Ephraim, Utah 84627. The bid evaluation will be conducted based on responsiveness criteria outlined in the Utah Procurement Code, with Snow College accepting only the lowest priced quote from responsive and responsible vendors. Multiple or alternate quotes from individual bidders will not be accepted; only the primary bid will be considered for evaluation.

Payment terms specify Net 30, with Snow College paying via purchase order or credit card, provided that no credit card processing fees are permitted and must be included in bid pricing. All shipping and handling costs must be included in the quoted price with delivery on a FOB Destination basis to the specified Utah location. Payment will be made upon satisfaction of the project manager and total completion of the project. Suppliers requiring money down may be eliminated from the bid list or must provide performance and payment bonds in the amount of the bid, with the cost of such bonds included in the total bid price.