Purchasing Policy and Procedures 7 - Preferred Supplier Policy

Preferred Supplier Policy

1. A preferred supplier is one with whom the College has negotiated an agreement/contract which could include price discounts, delivery arrangements, customer service requirements, etc. for a specified period of time. The Preferred Supplier Program formalizes the relationship with suppliers who are selected based on procurement volume and their strategic and economic benefits to the College. These will be college-wide agreements and the same discounted prices and service levels will be available to all college departments.

2. A preferred supplier may also be a supplier who is part of a purchasing consortium which provides national and/or regional contracts. These consortium suppliers offer deeper discounts because of the combined purchasing volume of the colleges and universities affiliated with the consortium.

3. A preferred supplier will complete a formalized, competitive selection process

NOTE: Purchasing strongly recommends the use of our preferred suppliers.