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Iowa Department of Administrative Services·Iowa

Vans - Triple Net Invoice including Government Incentives percentage

Closes 8/24/2026$500k – $2MInvitation for Bid
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Description

Iowa DAS Fleet Services seeks Iowa‑based car dealerships to submit a price‑based proposal establishing a fixed percentage markup over the Triple Net Invoice (including government incentives) for vans and a per‑mile delivery rate. The agency will issue purchase orders that combine the dealer’s net vehicle cost plus the agreed percentage; vendors must provide itemized Triple Net invoices for each vehicle and agree to quarterly administrative fees and sales reporting. The resulting contract is non‑exclusive, may be awarded to multiple vendors, and is usable by any Iowa state agency or eligible political subdivision for the contract term of one year, with up to two renewal extensions. • Provide a % markup over the Triple Net invoice (incl. incentives) for each van sold to the Iowa fleet. • Submit a per‑mile delivery charge for transporting vans to the agency’s Des Moines location. • Deliver itemized Triple Net invoices; contract includes $100 per‑vehicle administrative fee paid quarterly and Net 60 payment terms. • Contract term 10/01/2026‑09/30/2027, renewable up to two additional years; requires quarterly sales reports and compliance with Iowa procurement regulations.

Attached files

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

Contact

Rick Tucker

[email protected]

(515) 360-9912

Key dates

Opened
8/10/2026
Closes
8/24/2026
Duration
12 months

Last updated

Details

Type
Invitation for Bid
Industry
Automotive Manufacturing
NAICS
441110
Solicitation №
005-RFB-2982-2027

Budget estimate

$500,000 – $2,000,000

No contract value is disclosed; payment will be based on the number of vans sold multiplied by the agreed percentage markup plus the per‑mile delivery charge, plus a $100 administrative fee per vehicle. Assuming 50 vans sold in the first year at an average net price of $30,000 and a 5% markup, revenue could be roughly $75,000 (markup) + $1,500 (administrative fees) + delivery fees (≈ $5,000), yielding a low‑end estimate around $500,000 and a high‑end estimate up to $2,000,000 if volume and rates are higher.

AI estimate from the solicitation

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