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How long does it take the Bid Administrator to render a decision on reducing the Admin Fee on single transaction of $50,000 or more?

April 26, 2017admin Administrator bid decision fee reducing render transaction

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How long does it take the Bid Administrator to render a decision on reducing the Admin Fee on single transaction of $50,000 or more?

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Seven (7) business days from the date the vendor request to reduce the Admin Fee on single transaction of $50,000 or more and all the necessary information has been provided. The Bid Administrator needs seven (7) business days to process the final decision which allows the Bid Administrator enough time to notify all vendors of the request and render a decision. Page 38, paragraph 16 in the contract states this process.