GFO Update - Vendor Designations
The Office of the State Comptroller (OSC) added new Sections in Chapter X of the Guide to Financial Operations regarding Vendor Designations.
The SFS currently displays information on “Vendor Certifications,” designations authorized by a government entity or program which “certifies” a vendor has met certain requirements. Beginning in January 2017, SFS will also display “Vendor Classifications,” a designation for the type of business the State does with each vendor. These designations can aid State agencies in executing and reporting on procurement and payment activities.
For specifics, please visit:
- Guide to Financial Operations, Chapter X, Section 4.A.1 – Vendor Designations
- Guide to Financial Operations, Chapter X, Section 4.A.1.a – Vendor Classifications
- Guide to Financial Operations, Chapter X, Section 4.A.1.b - Vendor Certifications