Sport Utility Vehicles - Triple Net Invoice including Government Incentives percentage

The Iowa Department of Administrative Services is seeking bids from dealerships to establish a fixed percentage rate above the Triple Net Invoice, including Government Incentives, for Sport Utility Vehicles. The contract term will begin on October 1, 2026, and expire on September 30, 2027, with the option to renew for up to two annual extensions. The bid will also establish a per mile rate for delivery. • The vehicle price will be set by the manufacturer. • The bid is to establish a fixed percentage rate above the Triple Net Invoice. • The term of the contract will begin October 01, 2026 and will expire September 30, 2027. • The Agency shall have the sole option to renew the contract upon the same or more favorable terms and conditions for up to two annual extensions.