PAYMENT METHOD (2).doc
DOC document 28 KB Posted
- Solicitation number
- RFQ - 17E - 11072500000000000056
- Issued by
- Maine
About this file
This is a payment method document for the State of Maine related to a procurement for 200-pound kegs of 5/8" x 6" cut track spikes conforming to AREMA Chapter 5 Part 2 specifications. The document outlines the procedural requirements for submitting payment and financial information as part of the bidding process for this railroad supply item.
The document establishes the acceptable payment methods and financial procedures that bidders must follow when submitting proposals for this contract opportunity. It specifies the terms under which payment will be processed, the documentation required from bidders, and any financial certifications or disclosures necessary to participate in the procurement. The payment method requirements ensure standardized financial processing and compliance with Maine's state procurement regulations for this track spike supply contract.
View the file
Other files
| File | Type | Posted |
|---|---|---|
| Solicitation_terms[1].doc | DOC document | |
| Additional_Info_Terms_ | — |
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 .