Vendors must be set up in Banner, VCU's financial system, prior to Purchase Order being processed. The vendor must submit a completed substitute W-9 form to the VCU department. The VCU department will then ensure the company has been set up in Banner. Future purchase orders do not require a W-9 submission, unless the vendor's name or Tax ID number has changed.
Understand Tax Exempt Status, Purchase Order Terms and Conditions, and Insurance Requirements
Tax Exempt Status
Virginia sales and use tax shall not apply to tangible personal property for use or consumption by VCU, an agency of the Commonwealth of Virginia. The Commonwealth of Virginia Sales and Use Tax Certificate of Exemption form (link) is hosted on the VCU Controller's site.
Insurance coverage by the contractor is required whenever work or services are performed in or on VCU facilities. Insurance coverage is required at the time of contract award and shall be maintained during the entire term of the contract. For construction contracts, if any subcontractors are involved, the subcontractor shall have workers' compensation insurance in accordance with Sections 2.2-4332 and 65-800 et seq. of the Code of Virginia. All insurance coverage must be provided by insurance companies authorized to sell insurance in Virginia by the Virginia State Corporation Commission. Workers' Compensation-Statutory Requirement and Benefits Employer's liability - $100,000Commercial general liability - $500,000 combined single limit. VCU is to be named as an additional insured with respect to the services being procured. This coverage is to include Premises/Operations Liability, Products and Completed Operations Coverage, Independent Contractor's Liability, Products and Completed Operations Coverage, Independent Contractor's Liability, Owner's and Contractor's Protective Liability and Personal Injury Liability. Automobile liability - $500,000
Receipt of Purchase Order
Vendors will receive purchase orders attached to an email the vendor provided either to the department or through the university's RealSource supplier portal. Vendors can also obtain copies of a purchase order by contacting the department buyer. Vendors should not start any work without first receiving by email a copy of a fully authorized VCU Purchase Order, unless the order is being made by PCard (purchasing card).
Deliver the Product or Complete the Service
All products/services must be delivered/completed prior to payment being made.
If assistance with resolution of a problem(s) related to a purchase order or contract is needed, the vendor should initially try to resolve the issue with the department.