PAYMENT METHOD (2).doc
DOC document 28 KB Posted
- Attached to
- DOT Service Body for 183-2270
- Solicitation number
- RFQ - 18P - 11061400000000001271
- Issued by
- Kennebec County, Maine
About this file
This is a Payment Method document related to a Department of Transportation (DOT) Service Body contract opportunity (183-2270) for the State of Maine. The document outlines the procedures and requirements for payment processing related to the procurement of a service body for DOT vehicles. While specific product quantities and project timelines are not detailed in this payment methodology document, it establishes the framework for how payments will be processed throughout the contract term and any renewal periods.
The payment method document specifies the mechanisms, procedures, and terms under which the contractor will receive compensation for services rendered or goods provided under the DOT Service Body contract. This includes details regarding payment schedules, acceptable payment methods, invoicing requirements, and any conditions precedent to payment release. The document serves as the financial administration component of the broader procurement, ensuring clarity on funding sources and payment obligations between Maine DOT and the awarded contractor.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| Servicebody1832270.xls | XLS spreadsheet | |
| Solicitation_terms.doc | DOC document |
On GovTribe
Work with this file
- Download the original file
- Contacts named in this file
- Similar government files
- Ask GovTribe AI about this file
Text version
PAYMENT METHOD: The State of Maine reserves the right to pay for goods purchased through this solicitation by any of several available means, which include but may not be limited to check, EFT, and/or procurement card. Bidders are advised that state statute precludes sellers from imposing a surcharge on credit or debit card purchases (text follows).
9-A MRSA §8-303 (2): A seller in a sales transaction may not impose a surcharge on a cardholder who elects to use a credit card or debit card in lieu of payment by cash, check or similar means.
Interchange rates that are charged to vendors who accept credit cards are not standardized at 3%. The rates depend on multiple factors involved with each individual vendor’s agreement with its banking partners. Given that this RFQ is for a competitive purchase, interested vendors should consider the implications of simply transferring fees directly to the State, and how that might have a negative impact on the vendor’s bid in reference to the bids of other vendors. The use of State Procurement Cards is advantageous to the State (and also to vendors). It creates a more efficient payment method that ensures vendors are paid in a timely manner, and it requires less administrative processing by the State. Also, as noted above, it does not mean that the State will automatically pay higher prices. The pricing of competitive purchases still depends on each interested vendor’s business practices.
Please check one of the following to confirm that your organization has the ability to accept a State of Maine procurement card for this purchase, should the State of Maine choose to do so: YES___ NO ____. Please fill out the below section and return with your bid submission.
Name of Company:
Address:
Signature: __________________________________________________________________
Date: ____________________________________________________________
(Please note: the State of Maine reserves the right to award to the lowest-priced, responsive/responsible bidder that meets specifications.)
File details come from the government source that posted it. Updated .