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How to fill out the VENDOR SELECTION FORM - Iit online
The Vendor Selection Form - Iit is a critical document required to formally request goods and services. Completing this form online ensures a smooth requisition process for amounts of $25,000 or more, facilitating accurate record-keeping and compliance with purchasing policies.
Follow the steps to fill out the Vendor Selection Form efficiently.
- Click ‘Get Form’ button to obtain the Vendor Selection Form and open it in the editor.
- Begin by entering the requisition number in the designated field at the top of the form. This number helps in tracking your request.
- In the section labeled 'The purpose of this requisition is,' select one of the two options: either to establish a new purchase order with a legal contract or merely to encumber funds for payment support of an existing contract.
- If you selected the second option, provide the underlying contract number, the individual who signed it, the signing date, and the contract's expiration date.
- Fill in your name and department in the fields designated for the requisitioner's information.
- Indicate the total amount of the order in the specified field and ensure that this figure is supported by vendor proposals, if required.
- If your order exceeds $100,000, select one of the options regarding the type of contract and the IIT person's name who obtained the quotes.
- List the item or service description, and enter the three most competitive quotes received for comparison. Record the vendor names, quote numbers, dates, total prices quoted, and any relevant comments.
- If competitive bids were not gathered, you must attach a sole source justification form unless your requisition is solely for facilitating payment under an active contract.
- Finally, print your name, sign where indicated, and include the date of signature. This affirms compliance with IIT purchasing policy.
- Review your entries for accuracy, and once satisfied, you can save changes, download, print, or share the completed form.
Complete your Vendor Selection Form online today to ensure your requisition is handled efficiently.
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An example of a vendor could be a technology provider that supplies software solutions to businesses, or a wholesaler that offers products for retail. Vendors can vary widely depending on your industry, but they all play a significant role in your supply chain. Using a VENDOR SELECTION FORM - Iit allows you to categorize vendors effectively as you analyze your options.
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