Vans - Triple Net Invoice including Government Incentives percentage

Iowa Department of Administrative Services (DAS) Fleet Services is requesting bids from vehicle dealerships to establish a fixed percentage rate above Triple Net Invoice, including Government Incentives, for vans, with bids due August 24, 2026.

The procurement covers the manufacturer's entire line of vans. DAS reserves the right to award multiple vendors. Bidders must provide an itemized Triple Net Invoice for each vehicle, calculated by subtracting dealer holdbacks (typically 2–3% of MSRP) and manufacturer-to-dealer incentives from gross invoice, then applying government discounts. Pricing consists of two components: a percentage markup over the Triple Net Invoice and a cost-per-mile delivery rate to DAS Fleet Services at 510 East 12th Street, Des Moines, Iowa 50319. DAS Fleet will review and approve vendor invoices before issuing purchase orders.

The contract term runs October 1, 2026 through September 30, 2027, with options for up to two annual renewals on the same or more favorable terms and conditions. Procurement is exempt from state sales tax. DAS reserves the right to award to Government Fleet rate vehicles and off-the-lot vehicles under this mechanism.