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execution of a Participating Addendum is not a determination that procurement authority exists in <br />the Participating Entity; they must ensure that they have the requisite procurement authority to <br />execute a Participating Addendum. <br />3.2.9. Purchasing Entities may not Resell Products. This limitation does not prohibit the following; <br />however, any sale or transfer must be consistent with license rights granted for use of Intellectual <br />Property: <br />a) Payments by employees of a Purchasing Entity for Products; <br />b) Sales of Products to the general public as surplus property; and <br />c) Fees associated with inventory transactions with other governmental or non-profit entities, and <br />consistent with a Purchasing Entity's laws and regulations. <br />3.3. Administrative Fees <br />33.1. The Contractor shall pay to NASPO ValuePoint, or its assignee, a NASPO ValuePoint <br />Administrative Fee of one -quarter of one percent (0.25% or 0.0025) no later than sixty (60) days <br />following the end of each calendar quarter. <br />3.3.2. The NASPO ValuePoint Administrative Fee is not negotiable. <br />3.3.3. The Contractor shall report on all actual Equipment sales, and on Estimated Service and Supply <br />sales. This method will no longer require the Contractor to capture the actual Service and Supply <br />revenues that are billed to the customer each month. <br />3.3.4. Industry research has shown close to a 1:1 ration between sales price on a piece of Equipment and <br />the actual amount of Service and Supply costs required to operate that Equipment over its Useful <br />Life. Therefore, to simply the reporting process and remove the burden to capture the actual <br />Service and Supply costs, the Contractor shall report as follows: <br />a) Purchased Equipment: Contractor shall report the actual amount invoiced (less any taxes) for <br />all Equipment sold under the reporting period (calendar quarter). In addition, the Contractor <br />shall report an additional amount equal to the invoice amount and identified as "Estimated <br />Service and Supplies," providing the customer elects to enter into a Maintenance Agreement. <br />Thus, in the Contractor's Detailed Sales Report, for each item sold, there will be two-line <br />items: one for the piece of Equipment, and one for the Estimated Service and Supplies. The <br />amounts reflected for the Estimated Service and Supplies, if applicable, must be equal to the <br />amount of the Equipment. <br />b) Lease and Rental Equipment: Contractor shall report sales according to the Purchased <br />Equipment methodology described in §33.4(a), or they may report the actual amount invoiced <br />(less any taxes) for the lease or rental during the reporting period (calendar quarter). In <br />addition, the Contractor shall report an additional amount equal to the invoice amount and <br />identified as "Estimated Service and Supplies." Thus, in the Contractor's Detailed Sales <br />Report, for each item leased or rented, there will be two-line items: one for the invoice amount <br />to the customer for the Equipment, and one for the Estimated Service and Supplies. <br />33.5. Some Participating States may require a fee be paid directly to the Participating State on sales <br />made by Purchasing Entities within that state. For all such requests, the fee level, payment method, <br />and schedule for such reports and payments will be incorporated into the Participating Addendum. <br />The Contractor may adjust this Master Agreement pricing accordingly for sales made by <br />Purchasing Entities within the jurisdiction of the Participating State requesting the additional fee. <br />3.4. NASPO ValuePoint Summary and Detailed Usage Reports <br />The Contractor shall provide the following NASPO ValuePoint reports: <br />Page 13 <br />Copiers and Managed Pdnt Services - RFP-NP-18-001, NB$PSyet{7P J A.tPster Agreement Teems and CondiBons, CMS R 140603 <br />