Some bids are large and create an inappropriate windfall to the State when the 1% transaction fee is applied, shouldnt there be a cap?
The 1% fee is not new to the State. It has been applied equally (regardless of size) across all State Term Contract transactions for a number of years. The State will continue this practice as we expand the program to all purchasing done by the State. There are literally thousands of transactions processed by the State of Florida. Some transactions will cost more (the majority) and some will cost less than the fee that is applied. The State recognizes that some transactions will generate more fees than others, but in the end, we feel that this is the most equitable approach to implement the program.
