Common use of Vendor's Years in Business Clause in Contracts

Vendor's Years in Business. How many years has the business submitting this proposal been operating in its current capacity and field of work? TIPS collection of fees is required pursuant to Texas Government Code Section 791.011 et. seq. The TIPS Administration Fee for this contract shall be 1% of the amount paid by the TIPS Member for each TIPS Sale, less shipping cost, bond cost, and taxes, if identifiable UNLESS Vendor proposes an alternate fee structure below which is accepted by TIPS. If the fee proposed below, if any, is not compatible with TIPS systems, is not competitive in the cooperative market, or is otherwise unacceptable to TIPS, and it cannot be resolved through negotiation, the Alternate TIPS Administration Fee shall be rejected by TIPS, and the TIPS Administration Fee shall be 2% as described in the Request for Proposal. If Vendor does not wish to propose an Alternate TIPS Administration Fee, please respond "N/A". N/A

Vendor's Years in Business. How many years has the business submitting this proposal been operating in its current capacity and field of work? TIPS collection of fees is required pursuant to Texas Government Code Section 791.011 et. seq. The TIPS Administration Fee for this contract shall be 1% of the amount paid by the TIPS Member for each TIPS Sale, less shipping cost, bond cost, and taxes, if identifiable UNLESS Vendor proposes an alternate fee structure below which is accepted by TIPS. If the fee proposed below, if any, is not compatible with TIPS systems, is not competitive in the cooperative market, or is otherwise unacceptable to TIPS, and it cannot be resolved through negotiation, the Alternate TIPS Administration Fee shall be rejected by TIPS, and the TIPS Administration Fee shall be 2% as described in the Request for Proposal. If Vendor does not wish to propose an Alternate TIPS Administration Fee, please respond "N/A". Nn/Aa