726DVR7533 Appendix V Surety Deposit.docx
DOCX document 16 KB Posted
- Solicitation number
- IRFP 726DVR7533
- Issued by
- Fairbanks North Star Borough, Alaska
About this file
This is a Surety Deposit Policy document issued by the Alaska Department of Labor, Division of Vocational Rehabilitation (DVR), Business Enterprise Program (BEP) in conjunction with Informal Request for Proposal 726DVR7533 for vending machine services in Ketchikan. The BEP is seeking contractors to provide vending machine service in state or federally owned, leased, or occupied buildings in the Ketchikan area, with proposals due by 2:00 p.m. on August 21, 2026. The contract involves placing and maintaining vending machines on government property as designated by the BEP.
The surety deposit policy establishes financial requirements for BEP vending machine contractors based on anticipated quarterly commission thresholds. For contractors with anticipated quarterly commissions of $0-$5,000, the surety deposit is calculated as three months of anticipated commissions rounded to the nearest $100, with a maximum cap of $10,000. Contractors with anticipated quarterly commissions between $5,001 and $10,000 are charged a flat rate of $5,000, while those exceeding $10,000 quarterly pay a flat rate of $10,000. Contractors operating multiple BEP contracts pay surety deposits based on their largest-volume contract plus an additional $500 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.
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Other files
| File | Type | Posted |
|---|---|---|
| Appendix A - 726DVR7533 SCF.pdf | ||
| 726DVR7533 IRFP - Ketchikan Vending Macine Services.pdf | ||
| RFP Submittal Forms A-C.docx | DOCX document | |
| 726DVR7533 Appendix VI Inventory of Machines.docx | DOCX document | |
| 726DVR7533 Appendix II Commission Sched.docx | DOCX document | |
| 726DVR7533 Appendix I Locations.xlsx | XLSX spreadsheet | |
| 726DVR7533 Appendix IV Quarterly Acctg Form.xlsx | XLSX spreadsheet | |
| 726DVR7533 Appendix VIII - Cost Proposal.xlsx | XLSX spreadsheet | |
| 726DVR7533 Appendix III Collect Stock Sched.docx | DOCX document | |
| 726DVR7533 Appendix IV Monthly Acctg Form.xlsx | XLSX spreadsheet | |
| 726DVR7533 Appendix VII VendMach Beg-End Meter reads.xlsx | XLSX spreadsheet |
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Text version
IRFP 726DVR7533
Appendix V
Business Enterprise Program Surety Deposit Policy
The manner in which surety deposits are currently calculated for BEP vending machine contracts is as follows:
· The amount of the surety deposit is based on three-month’s anticipated commissions,
· A maximum limit for surety deposits is set at $10,000.
· Surety deposit amounts are rounded to the nearest $100.
· Surety deposits are re-evaluated annually when contracts are renewed.
· Surety deposits based on anticipated quarterly commissions of more than $5,000 be determined at a flat rate as shown below.
· Contractors with more than one BEP contract pay the surety deposit based on the largest-volume contract with another $500 deposit for each additional city/location.
· Waivers for the surety deposit are permitted on a case-by-case basis.
| Quarterly Anticipated Commissions | Surety Deposit Calculated By |
| 0-$5,000 per Quarter | Quarterly Anticipated Commissions rounded to nearest $100 |
| $5,001-$10,000 per Quarter | Flat Rate of $5,000 |
| Above $10,000 per Quarter | Flat Rate of $10,000 |
File details come from the government source that posted it. Updated .