What is a cooperative contract?
Cooperative contracts are most widely used in public procurement i.e.: state and local governments, however, you will also find cooperatives in both K-12 and higher education. These types of contracts involve the sharing of contracts between organizations. As defined in the American Bar Association Model Procurement Code for State and Local Governments, a cooperative contract is “A procurement conducted by, or on behalf of, one or more public procurement units. When establishing a cooperative contract, the buying unit will identify a common requirement across multiple buying units.”
As there are varying types of cooperative contracts, it is important to understand what these terms mean prior to participating in a cooperative bid:
Advantages for vendors:
There are many advantages for a vendor to participate in a cooperative bid. Here are just a few of those advantages:
Where are the cooperatives:
There are many cooperatives and opportunities to make your contract available to a wide variety of customers. I have provided some examples of cooperative organizations, which show there is a variety of organizations and opportunities. This is a growing area of procurement, so do your research prior to participation. To finish, when participating in a bid, look for the opportunity to either participate in a cooperative or if already established in a cooperative, use that contract as the first option. Good luck!
Examples of Cooperatives:
If you have any questions on how MLC can help your business before, during, or after the procurement process, please feel free to contact me at 517.372.2560 or email@example.com.
Michigan Legislative Consultants is a bipartisan lobbying firm based in Lansing, Michigan. Our team of lobbyists and procurement specialists provide a wide range of services for some of the most respected companies in America. For more on MLC, visit www.mlcmi.com or connect with us on LinkedIn and Twitter.