The State will deliver payments to the Vendor within forty-five (45) days after receipt of invoice and receipt, inspection, and approval of Vendor’s products/services. No late charges will exceed 1.5% per month on any unpaid balance from the expiration of said period until payment is delivered. See Section 31-7-305 of the Mississippi Code Annotated. Seller understands and agrees that Purchaser is exempt from the payment of taxes. The State shall not pay any attorney's fees, prejudgment interest or the cost of legal action to or for the Vendor. Approved Contract Award of Contract - A contract is considered to be awarded to a proposer once the has been approved as lowest and best proposal through: proposer’s offering Written notification made to proposers on ITS letterhead, or Notification posted to the ITS website for the project, or CP-1 authorization executed for the project, or The ITS approval of same during an open session of the Board. Board’s ITS statute specifies whether ITS Director approval or ITS Board approval is applicable for a given project, depending on the total lifecycle cost of the contract. A contract is not deemed final until five (5) working days after either the award of contract or post procurement review, as stipulated in the ITS Protest Procedure and Policy. In the event of a valid protest, the State may, at its sole discretion, continue the procurement or stay the procurement in accordance with the ITS Protest Procedure and Policy. If the procurement is stayed, the contract is not deemed final until the protest is resolved. Contract Validity All contracts are valid only if signed by the Executive Director of ITS. Order of Contract Execution Vendors will be required to sign contracts and to initial all contract changes before the Executive Director of ITS signs. Availability of Funds All contracts are subject to availability of funds of the acquiring State entity and are contingent upon receipt by the winning Vendor of a purchase order from the acquiring State entity. CP-1 Requirement All purchase orders issued for goods and services acquired from the awarded Vendor under this RFP must be encoded by the Customer agency with a CP-1 approval number assigned by ITS. This requirement does not apply to acquisitions that by policy have been delegated to State entities.
The State will deliver payments to the Vendor within forty-five (45) days after receipt of invoice and receipt, inspection, and approval of Vendor’s products/services. No late charges will exceed 1.5% per month on any unpaid balance from the expiration of said period until payment is delivered. See Section 31-7-305 of the Mississippi Code Annotated. Seller understands and agrees that Purchaser is exempt from the payment of taxes. The State shall not pay any attorney's fees, prejudgment interest or the cost of legal action to or for the Vendor. Approved Contract Award of Contract - A contract is considered to be awarded to a proposer once the proposer’s offering has been approved as lowest and best proposal through: Written notification made to proposers on ITS letterhead, or Notification posted to the ITS website for the project, or CP-1 authorization executed for the project, or The ITS Board’s approval of same during an open session of the Board. ITS statute specifies whether ITS Director approval or ITS Board approval is applicable for a given project, depending on the total lifecycle cost of the contract. A contract is not deemed final until five (5) working days after either the award of contract or post procurement review, as stipulated in the ITS Protest Procedure and Policy. In the event of a valid protest, the State may, at its sole discretion, continue the procurement or stay the procurement in accordance with the ITS Protest Procedure and Policy. If the procurement is stayed, the contract is not deemed final until the protest is resolved. Contract Validity All contracts are valid only if signed by the Executive Director of ITS. Order of Contract Execution Vendors will be required to sign contracts and to initial all contract changes before the Executive Director of ITS signs. Availability of Funds All contracts are subject to availability of funds of the acquiring State entity and are contingent upon receipt by the winning Vendor of a purchase order from the acquiring State entity. CP-1 Requirement All purchase orders issued for goods and services acquired from the awarded Vendor under this RFP must be encoded by the Customer agency with a CP-1 approval number assigned by ITS. This requirement does not apply to acquisitions that by policy have been delegated to State entities.
4082rfp.docx