The Fuel Card Program contract is between the Department of Management Services and Wex Bank for the provision of fuel card services. The contract has a term of 5 years, from April 6, 2021, to December 31, 2025, with the option to renew. The contract includes various terms and conditions, such as payment and pricing, contract management, and compliance with laws. The contractor is required to provide quarterly sales reports and comply with state and federal laws. Some key aspects of the contract include:
* The contractor will provide fuel card services to customers, including state agencies and eligible users.
* The contract includes a pricing schedule, with basis points offered for standard volume incentives, prompt payment incentives, and national annual volume incentives.
* The contractor is required to comply with state and federal laws, including those related to E-Verify and background checks.
* The contract includes provisions for contract management, including the requirement for the contractor to submit quarterly sales reports and comply with state and federal laws.