In this scenario, Resellers must include in the Pricing Spreadsheets the price the Vendor pays for the maintenance and the percentage by which the final price to the State of Mississippi exceeds the for the maintenance Vendor’s cost (i.e. cost-plus percentage). Alternatively, Resellers may propose a fixed percentage for their mark down on the maintenance based on a manufacturer’s direct national benchmark from the manufacturer, such as GSA, Suggested Retail Price (SRP) or the web pricing. This national manufacturer’s benchmark pricing must be verifiable by ITS during the maintenance contract. The cost-plus/minus percentage will be fixed for the term specified in the LOC. To clarify, the for the products will change over State’s cost the life of the award if the price the Vendor must pay for a given product increases or decreases. However, the percentage over Vendor cost which determines the final price WILL NOT State’s change over the life of the award. ITS will use this percentage in evaluating cost for scoring purposes. The cost-plus/minus percentage applies to new products added in the categories covered by the Cost Matrix as well as the products that are listed. Periodic Cost-Plus Verification - At any time during the term of this contract, the State reserves the right to request from the awarded Vendor, access to and/or a copy of the Base Pricing Manufacturer’s Structure for pricing verification. This pricing shall be submitted within seven (7) business days after the request. Failure to submit State’s this pricing will be cause for Contract Default. Vendor Cost is defined as the invoice Vendor’s cost from the distributor or manufacturer. The Proposed State Price is defined as Vendor’s the Vendor Cost plus the proposed percentage mark-up. Vendor must also indicate how future pricing information will be provided to the State during the term of the contract.
In this scenario, Resellers must include in the Pricing Spreadsheets the price the Vendor pays for the maintenance and the percentage by which the final price to the State of Mississippi exceeds the Vendor’s cost for the maintenance (i.e. cost-plus percentage). Alternatively, Resellers may propose a fixed percentage for their mark down on the manufacturer’s direct maintenance based on a national benchmark from the manufacturer, such as GSA, Suggested Retail Price (SRP) or the manufacturer’s web pricing. This national benchmark pricing must be verifiable by ITS during the maintenance contract. The cost-plus/minus percentage will be fixed for the term specified in the LOC. To clarify, the State’s cost for the products will change over the life of the award if the price the Vendor must pay for a given product increases or decreases. However, the percentage over Vendor cost which determines the State’s final price WILL NOT change over the life of the award. ITS will use this percentage in evaluating cost for scoring purposes. The cost-plus/minus percentage applies to new products added in the categories covered by the Cost Matrix as well as the products that are listed. Periodic Cost-Plus Verification - At any time during the term of this contract, the State reserves the right to request from the awarded Vendor, access to and/or a copy of the Manufacturer’s Base Pricing Structure for pricing verification. This pricing shall be submitted within seven (7) business days after the State’s request. Failure to submit this pricing will be cause for Contract Default. Vendor Cost is defined as the Vendor’s invoice cost from the distributor or manufacturer. The Vendor’s Proposed State Price is defined as the Vendor Cost plus the proposed percentage mark-up. Vendor must also indicate how future pricing information will be provided to the State during the term of the contract.
42394%20LOC.DOCX