PAYMENT METHOD (2).doc
DOC document 27 KB Posted
- Attached to
- Waterproof Exterior Wall - Bolduc Farm
- Solicitation number
- RFQ - 29B - 11050200000000001087
- Issued by
- Maine
About this file
This is a payment method document issued by the State of Maine regarding payment procedures for goods purchased through a competitive solicitation. The State of Maine reserves the right to utilize multiple payment methods, including check, electronic funds transfer (EFT), and procurement card. Bidders must acknowledge their organization's ability to accept a State of Maine procurement card for the purchase, should the State elect to use this payment method. The solicitation is for a waterproof exterior wall project at Bolduc Farm.
The State of Maine prohibits sellers from imposing surcharges on credit or debit card purchases, as governed by 9-A MRSA 8-303(2). Vendors should note that interchange rates charged to credit card acceptors are not standardized and vary based on individual banking partner agreements. The State emphasizes that vendors utilizing procurement cards will receive timely payment with reduced administrative burden to the State, and that accepting procurement cards does not guarantee higher pricing compared to other payment methods. All award decisions will be made to the lowest-priced, responsive and responsible bidder meeting specifications, regardless of payment method selected. Bidders must indicate either "YES" or "NO" regarding their ability to accept a State of Maine procurement card.
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Other files
| File | Type | Posted |
|---|---|---|
| Conditions and Instructions to Bidders1.doc | DOC document | |
| Additional Info Terms_ | — | |
| Scope of WorkBMV walls Bolduc Farm.doc | DOC document |
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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 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 .