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The Department of Public Service's Office of Telecommunications is responsible for overseeing the performance of the telecommunication and cable television companies under the Commission's jurisdiction, and their compliance with Commission regulations and policies.
A requirements contract is a contract with a vendor who generally agrees to supply the City's entire need for a particular good or service. This type of contract is entered with a City agency, usually the Department of Citywide Administrative Services (DCAS) or the Office of Technology and Innovation (OTI).
To do business with the City, you must register as a vendor in the City's Procurement and Sourcing Solutions Portal (PASSPort) and Payee Information Portal (PIP). A PASSPort account puts your business on the Citywide Bidder List, while a PIP account provides you with a NYC Vendor Number.
A contract is a legally binding agreement made by two or more parties. A contract must meet several requirements to be enforceable by a court of law. In New York, a contract is binding if there is offer and acceptance, consideration, an intent to be bound and mutual assent.