RD711 - Virginia Innovation Partnership Corporation Procurement Policy and Guidelines – Adopted September 17, 2024


Executive Summary:

Quinquennial report on the policies for the procurement of goods and services that:  1. Seek competition to the maximum practical degree; 2. Require competitive negotiation for professional services, which includes the requirements of Code of Virginia  §§ 2.2-4302.2 and 2.2-4303.1, unless there is only one source practically available and the Authority has complied with the requirements of subsection C; 3. Prohibit discrimination against a bidder or offeror based on race, religion, color, sex, sexual orientation, gender identity, national origin, age, disability, status as a service disabled veteran, or any other basis prohibited by federal or state law relating to discrimination in employment; and 4. Incorporate the prompt payment principles of Code of Virginia § 2.2-4350 and the payment clauses of Code of Virginia § 2.2-4354, and include provisions for the inspection of public records in Code of Virginia § 2.2-4342.