Specifications include, but are not limited to: 10.1.CommissionCommission rate quoted will remain firm for the duration of the resulting contract. Commission shall be calculated on gross sales less sales tax if applicable.Commission payments will be made in the form of a check payable to Hopkinsville Community and Technical College and forwarded to the college’s Business Office not later than the twentieth (20th)of the monthfollowing the month in which the commission was earned. The Kentucky Community and Technical College System (KCTCS) reserves the right to require the contractor to pay the commission by Certified or Cashier's Check and/or to add simple interest at the prime interest rate for each day any commission remains unpaid after the due date.10.2.AccountingReceipts from each machine will be taken to the awarded Supplier's place of business and records maintained corresponding with the product inventories and meter readings. Twenty (20) days after the close of each month, commission earned on each product sold will be submitted to the College Business Office. A breakdown will be furnished to the College by building, showing the gross receipts and commission earned from each machine-by-machine number, the total commission for the building, and the grand total for the campus operation.The awarded Supplieris required to maintain accounting records and other documents pertaining to the contract operation and will make the records available to KCTCS at all reasonable times during the contract period; and for three (3) full years from the date of the final commission payment. KCTCS anticipates making an audit of these records. All records of product sales and machine maintenance and sanitation are to be made available for inspection upon request by the College. The College will have the right to verify, on an unannounced basis, removals of receipts and/or products from each machine.10.3.SellingPricesThe selling prices to the consumer may be as listed herein. Prices are subject to revision only at time of renewal for the next contract year (service market fluctuations exempted) and may be either increases or decreases. Revisions will be based on general industry changes and may be requested in writing by either of the contracting parties and received at least thirty (30) days prior to the effective date. The requesting party must furnish to the Community College Business Officer documented evidence substantiating the validity of the request along with the written request for price changes. The selling prices of products sold through this contract will be in line with those in the surrounding area. Documented prices will be the manufacturer's list prices excluding promotions. No price increases will be granted without the approval of the authorized personnel at the Community College and KCTCS Procurement to Payment.10.4.Maintenance of College PropertyThe awarded Supplierwill maintain, in good repair and appearance, all contractually related or assigned equipment or space owned by the Community College. Changes ormodifications (unless specified in the contract) to the College owned space, property, fixtures, fixed equipment or utilities may not be made without written approval of the authorized personnel at the College 10.5.UtilitiesUtilities (heat, water and electricity) and outlets required will be furnished by the College. Final connections are to be made by the contractor. The contractor will be required to meet any energy conservation policies of theCollege.