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<br />FUEL CONSORTIUM – OVERVIEW <br /> <br /> <br />FIXED PRICE PROGRAM – The agencies participating in the Fixed Price Schedule are required to take 100% <br />of its monthly quantity committed and the Contract Vendor is required to provide 100% of the monthly quantities <br />contracted. The program will be for 12 months beginning February 1, 2016, through January 31, 2017. <br /> <br />If the original purchaser is unable to take all of the monthly committed gallons, the Contract Vendor will be <br />responsible for contacting other locations participating in the Fixed Price Contract to determine if they are able <br />to take additional gallons. <br /> <br />If the Contract Vendor is able to ship the unused gallons from the original participating purchaser to another <br />participating agency, there will be no cost to the original participating agency. If the Spot Price is less than the <br />Fixed Price, participants are not required to take more than the monthly amount they committed to. <br /> <br />If the Contract Vendor is unable to ship the unused gallons from the original participating purchaser to another <br />participating agency, they may sell the unused gallons on the open market and either debit or credit the <br />difference in price back to the original participating purchaser based on the open market sell price. <br /> <br />If the Contract Vendor is unable to provide all of the monthly committed gallons to a participating member by the <br />due date and time, the participating member may purchase the product on the open market and charge the <br />Contract Vendor for any actual additional costs incurred. <br /> <br />SPOT PRICE PROGRAM. In addition to a Fixed Price program, we will include a Spot Price program for <br />Participants to handle extra fuel needs over and above the committed quantities in the Fixed Price program. <br />Only Participants in the Fixed Price program may use the Spot Prices offered by the Contract Vendor. <br /> <br />Participants are not required to use the Spot Price program and may use other State Spot Price programs <br />currently in place or may purchase their additional fuel needs independently. <br /> <br />If the Contract Vendor is unable to provide the order quantity to a State agency or CPV member by the required <br />due date and time, the State agency or CPV member may purchase the product on the open market and charge <br />the Contract Vendor for any actual additional costs incurred. <br /> <br /> <br /> <br />AGENCY NAME:_____________________________________________________________________________________ <br /> <br />ADDRESS:_________________________________________________________________________________________ <br /> <br />CONTACT PERSON: _______________________________________ TITLE: ___________________________________ <br /> <br />PHONE NO.: ________________ FAX NO.:_________________ E-MAIL:______________________________________ <br /> <br />AUTHORIZED SIGNATURE:___________________________________________________________________________ <br /> <br /> <br />The signature below agrees to all terms, conditions and prices of any Contract <br />agreement entered into on its behalf by the State of Minnesota which includes, but <br />is not limited to, taking 100% of the monthly fuel quantities submitted for the Fixed <br />Price Program on the Fuel Order Form. There is no requirement to take any product <br />using the Spot Price Program. <br />RETURN ORDER FORM NO LATER THAN OCTOBER 30, 2015 <br />IMPORTANT NOTE TO CURRENT PARTICIPANTS: The current Contract with Mansfield Oil does not <br />expire until January 31, 2016. Due to market conditions AND the solicitation process, the Fuel Core Team is <br />exploring its pricing options for a new program that will begin on February 1, 2016. To achieve this, <br />participants MUST submit their quantities for the Fixed Price Program NO LATER THAN <br />OCTOBER 30, 2015.