Which of the following statements is FALSE regarding vendor contracts?

The statement regarding contracts that is deemed false pertains to the fact that they can specify any amount of collection fee. In municipal contracts, there are often regulations and guidelines that govern the allowable fees. These guidelines ensure that vendors do not impose arbitrary or excessive fees that could harm consumers or violate legal standards. Therefore, while vendors do have some degree of discretion in setting fees, they must still operate within predefined parameters that are established by municipal laws or policies. This ensures fairness and transparency in the billing practices associated with vendor contracts, preventing any potential exploitation or unreasonable charges against the public or the municipality.