The Fleet Like Kind Exchange Software will do the matching of sales to the purchases according to the tax regulation of 1031. Please see the attached document for further details and summary.
The most important features are the Disposal, Acquisition, Exchange section. The disposal also known as sales are the assets that have been sold. The acquisition also known purchases are the assets that have been purchased. And the Exchange is the matching of the disposal attributes with the acquisition. The software must be able to match manual and an automatic matching feature (Best Match).
The disposal area will query the disposal into pools that will be used to match up with the acquisitions. The pools or queries will could be one or up to 40 depending on the specifications.
The data could be imported from an excel worksheet or manual input.
The acquisition also could be imported from an excel worksheet or manual input.
The Exchange area is the heart of the software. The software will take one acquisition asset and depending on the rules explained in the attached document. The acquisition has a purchase price for an example of 10,000. The first allowable disposal will be used and the sale price of the asset is let’s say 7,500. The whole disposal will be used and the acquisition asset has a remaining amount of the acquisition of 2,500. We would go into the next allowable disposal and let's say the sale price is 5,000. We only need to use half of the 5,000. So the disposal asset will only match 50% of the asset and its attributes and the remaining 50% of the disposal asset will be applied to a new acquisition. The object is to use all the purchase price of the acquisition. And it would continue until all acquisition assets are matched. In summary that is what the software needs to do.
1) Complete and fully-functional working program(s) in executable form as well as complete source code of all work done.
2) Deliverables must be in ready-to-run condition, as follows (depending on the nature of the deliverables):
a) For web sites or other server-side deliverables intended to only ever exist in one place in the Buyer's environment--Deliverables must be installed by the Seller in ready-to-run condition in the Buyer's environment.
b) For all others including desktop software or software the buyer intends to distribute: A software installation package that will install the software in ready-to-run condition on the platform(s) specified in this bid request.
3) All deliverables will be considered "work made for hire" under U.S. Copyright law. Buyer will receive exclusive and complete copyrights to all work purchased. (No GPL, GNU, 3rd party components, etc. unless all copyright ramifications are explained AND AGREED TO by the buyer on the site per the coder's Seller Legal Agreement).
Windows XP is the operating system
Preferred database Access 2003, but not constraint.