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Iowa Department of Administrative Services·Iowa

Sport Utility Vehicles - Triple Net Invoice including Government Incentives percentage

Closes 8/21/2026$80k – $150kInvitation for Bid
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Description

Iowa DAS Fleet Services seeks bids from Iowa‑based automobile dealerships to provide sport‑utility vehicles (SUVs) and delivery services under a contract that pays a fixed percentage markup over the Triple Net Invoice (including government incentives) plus a per‑mile delivery rate. The agency will require each dealer to submit itemized Triple Net Invoices for every vehicle sold, pay an administrative fee of $100 per vehicle quarterly, and submit quarterly sales reports. The contract runs for one year with the possibility of two one‑year extensions, and the award will be used by all Iowa state agencies and eligible political subdivisions. • Scope: Order and deliver SUVs; fee = % over Triple Net Invoice + per‑mile delivery charge. • Pricing model: No fixed dollar ceiling; bidders propose percentage markup and mileage rate. • Compliance: Must be an Iowa‑based dealer, agree to FOB Destination, Net 60 payment terms, and certify non‑prohibited‑company status. • Administrative: $100 per‑vehicle fee, quarterly sales reporting, and required documentation (TNI, Form 22, debarment certifications).

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Rick Tucker(Contact)

[email protected]

(515) 360-9912

Key dates

Opened
8/7/2026
Closes
8/21/2026
Duration
1 year

Last updated

Details

Type
Invitation for Bid
Industry
Retail Services
NAICS
441110
Solicitation №
005-RFB-2981-2027

Budget estimate

$80,000 – $150,000

No total contract value is disclosed; payment is based on a percentage markup over each vehicle’s Triple Net Invoice plus a mileage delivery rate, plus a $100 per‑vehicle administrative fee. Assuming an average of 100 SUVs sold during the 12‑month term, an average vehicle price of $40,000, a 2 % markup ($800 per vehicle), an average delivery distance of 100 miles at $2 per mile ($200 per vehicle), and the $100 admin fee, total estimated revenue would be roughly $1,100 per vehicle, or about $110,000 for the year. A plausible range, accounting for variability in vehicle volume and markup percentages, is $80,000 – $150,000.

AI estimate from the solicitation

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