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Doing Business with the Bank

Doing Business with the Bank

The Bank's procurement functions strive to deliver premier procurement services that improve value, reduce cost and meet the rapidly evolving needs of our business and customers. We believe a diverse pool of high-performing suppliers leads to increased competition, greater innovation and better overall solutions.

Procurement Functions

The Bank conducts procurements through local and national procurement functions, resulting in the best overall value in goods and services for the Bank.

Procurement Guidelines

The Bank follows procurement guidelines designed to produce fair competition and the best overall value.

Products and Services

A representative sample of products and services that the Federal Reserve Bank of Richmond typically procures.

Supplier Requirements

The Bank considers a number of criteria when determining whether a supplier is a good fit for a particular procurement requirement.

How to Become a Supplier

The Bank seeks to do business with a diverse pool of highly qualified suppliers that can deliver the best overall solutions for its requirements. The first step in positioning yourself to do business with us is to create a profile on the Ariba Discovery Network.

Supplier Diversity

The Federal Reserve Bank of Richmond is committed to strengthening the economy and improving our communities, and supplier diversity plays a critical role in how we do that. We provide access and opportunity to diverse suppliers to participate in procurement and contracting processes throughout the Bank’s supply chain.

How to Become a Supplier

  1. Review our list of products and services that the Bank typically procures.
  2. If the types of goods or services your company provides are a fit for the Richmond Fed, you can create a profile on the Ariba Discovery network using the registration instructions below.
  3. Our Procurement team will utilize profiles on the Ariba Discovery Network to invite prospective suppliers to submit quotes or proposals in response to opportunities.

Registration Information

The Richmond Fed uses Ariba as our standard Procurement sourcing and contract management application. You can create a profile on the Ariba Discovery Network for free.

If you have questions about establishing your company profile, Ariba support can help, or if you have questions about our overall program, please contact us at Procurement Services.

Visit the Supplier Diversity page to learn more about the Richmond Fed's Supplier Diversity and Small Business Programs.

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