PAYMENT METHOD (2).doc
DOC document 28 KB Posted
- Attached to
- Dog Tags 2012
- Solicitation number
- RFQ - 01A - 11062800000000001329
- Issued by
- Maine
About this file
Payment Method Documentation - Dog Tags 2012 (Maine)
This document outlines payment procedures for the Dog Tags 2012 contract opportunity in the state of Maine. The file establishes the mechanisms and requirements for processing payments related to the contract deliverables and services. While specific product quantities, project timelines, response deadlines, site visits, bidders meetings, award dates, and contract terms are not detailed within this payment method document, it serves as a procedural framework for financial transactions associated with the procurement opportunity.
The document specifies payment terms, conditions, and methodologies applicable to the Dog Tags 2012 contract. It addresses the financial requirements and payment processes that vendors and contractors must follow when executing work under this agreement. The payment procedures outlined ensure compliance with Maine state contracting standards and provide clarity on the financial management aspects of the procurement, including any applicable funding sources and payment verification requirements.
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Other files
| File | Type | Posted |
|---|---|---|
| 2012 Dog Tag Specifications(2).doc | DOC document | |
| dog tag sample[1].pdf | ||
| Solicitation_terms.doc | DOC document | |
| Questions_ | — |
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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 .