SOW types or parts
This SOW has a flat fee and lays out a strict timeline for performance
Project SOW
A parent Agreement agreement covering the business and leagese of the relationship
the MSA
This procurement type is allowed by the Procurement Code when only ONE Good or Service will meet the needs of the State and when only ONE contractor can supply that Good or Service
Sole Source
Negotiation tool
Not engaging.... a cooling off period either self-proclaimed or receiving from other side
Silence
____ ____ ____ is the activities in procurement for establishing; service, quality, cost, satisfaction goals, selecting & management 3rd party companies as suppliers/vendors to consistently meet these goals
Enterprise Vendor Management
This term refers to purchasing a good or service for multiple years. you need to consider the total price for the good or service within a 5-year period. You must also ensure that the same project with the same vendor has not been under contract in the past five years.
Life of Project
The opening paragraph of a contract
(not part of the contract)
The preamble
This Sourcing type requires a formal, competitive solicitation process for purchases greater than $50,000. This process should be used to select the ONE most qualified vendor through the Agiloft system to provide a specific Good(s) and/or Service(s).
RFP
In a deal with a public company when is the best time of year to target to sign the transaction.
Leverage the supplier's fiscal quarter or year end to get the best pricing
_____ ___ is an institutional procurement process that continuously improves & re-evaluates the purchasing activities of a company. In a production environment, it is often considered 1 component of supply chain management
Strategic Sourcing
This SOW is for a set price, fixed duration and fix time. needs to include the currency type and billing interval
Flat Fee SOW
Who originates the GSC templates
General Counsel's Office
Whenever any of our brands are displayed in commerce by a supplier
The Sales Tax treatment on any NJ or Missouri company buying a SaaS system.
Exempt (by law)
Name of a fluid that goes into a glass and is transparent
Water.
SOW section that gives ETS the ability to claw back money on incorrect deliverables
Acceptance
Easy, quick and simple agreement that can be used in certain situations.
The vetting required on SaaS services
IESA, D&B, & AI
ETS buys something
verify the listed price is non-profit
When a vendor signs an offer then presents asking us to sign... It is good and cannot be withdrawn.
Bona fide offer
"in or with good faith; honestly, openly, and sincerely; without deceit or fraud." It refers to actions or representations that are genuine and not feigned. For example, a "bona fide offer" is one made in good faith, without any fraudulent intent, and is considered valid under the law.
Is modifying a template allowed before sending it to small company as a consultant?
Yes and expected
Presented with a Quote with only a price, how do you proceed?
Then drive it lower.
A colleague is a avid car racer
John