Fees & Costs. The Master Contract for Transit Buses shall include a vendor management fee payable to Enterprise Services. Such vendor management fee shall be the Master Contract cost recovery mechanism as required by RCW 39.26.050(2). This fee is paid by Contractors on the contracts to DES at the rate listed in the respective contract. For clarification that rate is 1% of total purchases for light and medium bus purchases and 0.15% of total purchases for heavy duty or similar bus purchases.
Appears in 4 contracts
Sources: Washington State Transit Bus Cooperative Agreement, Memorandum of Agreement, Cooperative Agreement