questions_and_answers_from_potential_vendor_for_sporting_officials.docx

Solicitation Number FA6703-17-Q-0004

SPORTING OFFICIALS

QUESTIONS & ANSWERS

30 March 2017

Q1:Just want to confirm that you are looking for the completion of documents listed in Proposal Format section on page 3 of Combined Synopsis: summary statement, contact information, and certification in a Word Document, Pricing Matrix completed in Excel, and statement to meet the technical proposal requirements. Correct?

A1: Yes, that is correct

Q2:Please clarify what you are looking for on Pricing Matrix "discount terms."

A2: See Example Below, for how term of 2/10, n/30 works in discount terms The term 2/10, Net/30 is a typical term and means the following:

· "2" shows the discount percentage offered by the seller, if customer pays within10 days from the invoice date..

· "Net/30" states that if the buyer does not pay the (full) invoice amount within the 10 days to qualify for the discount, then the net amount is due within 30 days after the sales invoice date.

Michael & Co Ltd. ships $1,000 of goods to a customer. If the customer pays Michael & Co Ltd. within 10 days of the invoice date, the customer is allowed to deduct $20 (2% of $1,000) from the purchase of $1,000. In other words, the $1,000 amount can be settled for $980 if it is paid within the 10-day discount period.

In the situation when the buyer is paying the account payable to Michael & Co Ltd. for $1,000 early enough to receive a 2% discount, the following entry is made by the buyer:

Q3:What is the AAFFL rules?

A3:There will be an amendment made to the solicitation to remove this acronym.