Procurement Services negotiates various Vendor of Record (VOR) arrangements on behalf of York University. VOR contracts are typically selected through a competitive bid process and are for a defined period, with set terms and conditions.
Why Use a VOR?
VOR contract arrangements are established to reduce the costs and processes associated with repetitive sourcing and quote solicitation through longer term arrangements. At a minimum these contracts would include:
- term of the contract and opportunity to extend based on vendor performance
- fixed pricing
- service or maintenance commitments
- insurance coverage and any other requirement related to risk mitigation
Internal community members are required to purchase goods and services from a VOR if the University has an established contract.