4-Payment Terms - Ephraim Main.pdf

This payment terms document outlines the financial conditions for a Snow College procurement related to removal and installation of a gas fireplace insert at the College President's home in Ephraim, Utah. The project involves removing an existing wood burning stove insert and installing a Regency LRi4E Gas Fireplace Insert with specified components, including new gas lines, chimney liners, electrical connections, and safety testing to meet Utah fire codes. A mandatory walkthrough is scheduled for February 26th, 2026 at 10:00 a.m. at 130 N 460 E, Ephraim, UT 84642, and a representative from each bidding company must be present for their bid to be considered. The selected vendor will provide all materials, labor, and equipment necessary to complete the project, with a one-year installation warranty on all work performed.

Payment will be made on a Net 30 basis upon project completion and satisfaction of the project manager, with the College paying by purchase order or credit card. No credit card processing fees are permitted and must be included in the bid pricing. All pricing must include shipping costs to Snow College Ephraim Campus at 150 College Ave., Ephraim, UT 84627. Any supplier requiring money down may be eliminated from consideration or must provide performance and payment bonds in the amount of the bid, with bond costs included in the total bid price. The College is seeking the lowest priced responsive and responsible bid for this project.