726DVR7525 Appendix V Surety Deposit.docx

This is a Surety Deposit Policy appendix for an Informal Request for Proposal issued by the Alaska Department of Labor, Division of Rehabilitation, Business Enterprise Program, for vending machine services in the Juneau area. The IRFP number is 726DVR7525, with proposals due by 2:00 p.m. Alaska Standard Time on May 27, 2026. The BEP seeks contractors to provide vending machine services in buildings owned, leased, or occupied by state or federal government entities, or on other property as determined by the program.

The surety deposit policy establishes a tiered structure based on anticipated quarterly commissions, with deposits calculated on three months' anticipated commissions and rounded to the nearest $100. For quarterly commissions of $0–$5,000, the deposit equals the quarterly commissions rounded to the nearest $100. For commissions of $5,001–$10,000 per quarter, a flat rate of $5,000 applies. For commissions above $10,000 per quarter, a flat rate of $10,000 applies, with an overall maximum surety deposit limit of $10,000. Contractors with multiple BEP contracts pay the surety deposit based on their largest-volume contract plus an additional $500 deposit for each additional city or location. Surety deposits are re-evaluated annually upon contract renewal, and waivers may be granted on a case-by-case basis.