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Iowa Department of Administrative Services·Iowa

Sedans - Triple Net Invoice including Government Incentives percentage

Closes 8/17/2026$100k – $500kInvitation for Bid
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Description

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 sedans. The term of the contract will begin October 01, 2026 and will expire September 30, 2027, with the option to renew for up to one annual extension. The contractor will be required to provide an itemized Triple Net Invoice for each vehicle and a per mile rate for delivery. • The bid is for the entire line of sedans from the manufacturer. • The vehicle price will be set by the manufacturer. • The contractor will be required to provide a cost percentage over Triple Net Invoice, including Government Incentives, for Government Fleet vehicles and off-the-lot vehicles. • The contractor will be required to provide a cost per mile for delivery to DAS Fleet Services.

Attached files

Contact

Rick Tucker(Procurement Specialist)

[email protected]

(515) 360-9912

Key dates

Opened
8/3/2026
Closes
8/17/2026
Duration
1 year

Last updated

Details

Type
Invitation for Bid
Industry
Automotive Manufacturing
NAICS
441110
Solicitation №
005-RFB-2964-2027

Budget estimate

$100,000 – $500,000

The budget for this opportunity is difficult to estimate as it depends on the number of sedans purchased and the fixed percentage rate above the Triple Net Invoice. However, assuming an average cost of a sedan to be around $25,000 and a 5% fixed percentage rate, the budget for one sedan would be $1,250. If the contractor sells 100 sedans in a year, the total budget would be $125,000. Additionally, the contractor will be paid for delivery on a per mile basis, which would add to the total budget. Therefore, the estimated budget range could be between $100,000 and $500,000 per year, depending on the number of sedans sold and the delivery costs.

AI estimate from the solicitation

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