Sedans - Triple Net Invoice including Government Incentives percentage

Iowa Department of Administrative Services (DAS) Fleet Services is requesting bids from dealerships to establish a fixed percentage markup rate above Triple Net Invoice, including Government Incentives, for sedans under Request for Bid 005-RFB-2964-2027, with bids due August 17, 2026.

DAS reserves the right to award multiple vendors and will issue purchase orders on an as-needed basis; no quantities are specified upfront. Bidders must submit a cost percentage markup applicable to both Government Fleet rate vehicles and off-the-lot vehicles, plus a per-mile delivery cost to DAS Fleet Services in Des Moines, Iowa. The Triple Net Invoice baseline represents the dealer's true cost after deducting all manufacturer holdbacks, incentives, and volume bonuses. Awarded vendors must provide itemized Triple Net Invoices for each vehicle before DAS will authorize purchase orders.

The contract term runs October 1, 2026 through September 30, 2027, with the Agency holding a sole option to renew for one additional annual extension on the same or more favorable terms. The procurement is exempt from state sales tax. Dealerships bidding must represent manufacturers' entire sedan product lines.