Alcohol
Bailment Policies
- Sample D Liquor Vendor's Price Quotation (pdf format, 92K)
- Sample E Inventory Status Report (pdf format, 48K)
Vendors must furnish the Division with a “Standard Quotation and Specification” form (Exhibit F) for each active item code carried by the Division. New quotation forms must show the Freight on Board (FOB) Point as Ankeny, Iowa. Quotations must list the “Net FOB Ship Point” case cost (Line 41) and “US Freight” (Line 42)1 as separate items.
New quotation forms will be submitted 45 days in advance of the effective bailment date2. Suppliers may waive the requirement by submitting a letter authorizing the Division to use present quotation forms. The total case cost paid to suppliers will be the FOB delivered price, or “Total Invoice Cost” (Line 47).
The Division will provide suppliers with a current “Inventory Status Report” (Exhibit D) on a weekly basis. The report will reflect current Division inventory and on-order quantities for each item and will assist suppliers in determining bailment inventory orders. At the time of listing presentation, suppliers will provide the Division with one bottle of the proposed product. The Division and suppliers will establish inventory levels based on projected sales.
1 Including a $ 1.00 bailment fee on line 41.
2 Permanent price changes are allowed only on February 1, May 1, August 1, and November 1, of any year. Price changes are due 60 days prior to the effective date.
