Q And A Open: 23/02/2023 01:30:00
Q And A Close: 03/03/2023 03:30:00 PROMPT PAYMENT DISCOUNT
The Massachusetts Water Resources Authority (The Authority) encourages all vendors to take advantage of Prompt Payment Discounts. Vendors benefit from PPD by increased, usable cash flow as a result of fast and efficient payments for commodities or services rendered. Vendors who agree to accept Electronic Funds Transfer (EFT) increase the prompt pay benefit by ensuring that funds are paid directly to their designated bank accounts, thus eliminating the delay of check clearance policies and traditional mail lead time. All discounts offered will be taken in cases where the payment issue date is within the specified number of days listed below and in accordance with the Authority's bill paying policies. Payment days will be measured from the date goods are received and accepted, performance was completed OR the date an invoice is received by the Authority, whichever is later to the date the payment is issued as an EFT (preferred method) or mailed by the Authority. The date of payment "issue" is the date a payment is considered "paid" not the date a payment is "received" by a Vendor. Will you offer a Prompt Pay discount If yes, please enter the Prompt Pay discount percentage and date. If no, please also enter 0 as the percentage. ( * You do not need to upload an attachment unless you have additional information to offer.) The offered quote constitutes a firm offer which can be accepted by the Authority (60) days from the event closing date. Award shall be made by the issuance of a Purchase Order to the lowest responsive and responsible bidder. Solicitions that contain multiple line items may be evaluated and awarded by the Authority based on any combination of the lowest price per line items or, overall lowest price, whichever results in the "best value" to the Authority. Other evaluation criteria may be used if so specified in the Request for Quote. The Authority reserves the right to accept or reject the quote(s) or any part thereof. Whenever a brand name or equal is specified in any Request for Quote, it is included solely for the purpose of describing a standard of quality, functional features and performance standards required and is not intended to limit or restrict competition. The bidder may offer a product which is substantially equal to the brand and model specified in the solicitation provided that the brand name specified is not followed by the words "no substitution". The bidder offering a product which they deem equal must submit specifications and other documentation which demonstrates that the substitute product being offered is substantially equal in quality, features, and performance. The Authority will evaluate the product bid and will be the sole judge of the acceptance or rejection of the substitute product. VENDOR BID SUBMITTAL CHECKLIST.
Include discount for prompt payment, if offered.
Acknowledge receipt of all addenda.
Include Delivery Lead Time from receipt of order.
Enter bid prices where indicated. (Submit specifications/literature of the product being bid if requested)
Complete and/or attach any other mandatory submittals, if so specified in the RFB. It is understood and agreed that the Request for Quote for this bid event, the bidders response and, the purchase order issued pursuant to the Request for Quote shall form and comprise the complete agreement between the parties. The person signing this bid certifies that they are authorized to sign and commit the bidder contractually.
The vendor shall abide by the requirements of 41 CFR 60-1.4(a), 60-300.5(a) and 60-741.5(a). These regulations prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities, and prohibit discrimination against all individuals based on their race, color, religion, sex, or national origin. Moreover, these regulations require that covered vendors take affirmative action to employ and advance in employment individuals without regard to race, color, religion, sex, national origin, protected veteran status or disability.
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