The Bank considers a number of criteria when determining whether a supplier is a good fit for a particular procurement requirement. In addition to the ability to provide the requested product or service at a competitive price, prospective suppliers must generally meet the following criteria:
The Bank generally requires suppliers to accept its standard contract terms, including a commitment to equal opportunity in employment and contracting.
Due to the nature of our work, suppliers must adhere to confidentiality obligations, comply with nondisclosure agreements and return technical documents as requested.
We often request and review financial statements and other similar reports in the process of determining if a potential supplier has an acceptable credit rating and is financially stable.
We generally are looking for established suppliers that have a proven track record. References from clients for which the supplier has performed similar work are preferred.
Potential suppliers must have full insurance coverage compatible with the risks of their business. The Bank determines the insurance coverage required.
Suppliers of contract services involving potential employee safety or loss prevention should have a competitive experience modification rate or equivalent safety metric and an established safety program.
Supplier employees working on Bank premises must pass a criminal background check. Depending on the nature of the work, additional background screening may be required.
We value suppliers that are highly responsive and rigorously committed to exceptional customer service.
We appreciate suppliers who continuously look for ways to help us lower our costs or improve operational efficiencies.
We are looking for suppliers that can offer creative, innovative, solutions-oriented approaches to our procurement requirements.
Suppliers that are adept with current technologies, have a web presence, and are able to receive and respond to bids and proposals electronically may enjoy a competitive advantage when seeking to do business with us.
To be considered for the Bank's local and information technology procurements or the NPO's national procurements, please use the self-registration tool.