Procurement Services Invites Early HEETF Requests
Is your department considering HEETF funded purchases? The Higher Education Equipment Trust Fund (HEETF), also known as the Equipment Trust Fund (ETF), was established in 1986 by the Virginia General Assembly to provide supplemental funding to higher education institutions like VCU for upgrading equipment necessary for instruction and research.
To streamline the purchasing process, Procurement Services encourages early engagement with our team, especially for acquiring long lead time items or large/expensive equipment. We will work closely with subject-matter experts and department professionals to identify the most suitable procurement method and handle contract negotiations.
For any questions, please submit your inquiry via Cherwell, specifying the purchase as a HEETF-funded procurement and providing the SCHEV approval status. To learn more about HEETF, visit https://controller.vcu.edu/fixed-assets/heetf/.