Using a Cooperative Contract: What to Check First
A cooperative contract can be an efficient way to purchase goods or services, but it is not automatically available for every VCU need. Send the contract details to Procurement Services before relying on a cooperative contract. Why cooperative contracts can help Cooperative contracts may provide access to competitively established pricing and negotiated terms while reducing […]
Link the Contract & Protect the Deal in RealSource
When you’re buying from an existing contract, link the contract to your RealSource requisition before you submit it. This matters most for purchases under $10,000, where the requisition typically becomes a purchase order without review by a Procurement Services buyer. If you don’t link the contract, no one else will. Why linking matters Linking connects […]
Before Signing a Vendor Document
Departments may receive quotes, order forms, statements of work or other vendor documents that include a signature line. Please do not sign these documents unless you have delegated authority to sign on behalf of VCU. A signature may do more than confirm pricing. It may also accept vendor terms, renewal language, payment obligations, cancellation requirements […]
Navigating Potential Price Increases: Procurement Resources Available
Heads up, VCU community! You may have heard about increased tariffs on goods coming from Mexico, Canada, and China. These changes could lead to cost increases on some products commonly used across campus. We understand that budget management is crucial, and we want to help you navigate any potential price fluctuations. Your partnered supplier catalogs […]
Friendly Reminder: Winter Closing Schedule
Greetings! As we embrace the winter season, let’s ensure a smooth wrap-up for 2024. Please take note of the key dates and tasks in the procurement closing schedule. For all the details, visit the Winter Wrap-Up 2024 Procurement Closing Schedule.
FAQ: When should I Use an Independent Contractor Agreement (ICA)?
Generally, an Independent Contractor Agreement (ICA) is a contract that frames the terms of a working relationship between a client and an individual. For VCU, that agreement serves as a method of obtaining services from a person, not a business, who is not connected to VCU as an employee, student-employee, or some other business relationship. The individual […]
