What is a requirements contract in NYC PASSPort?
NYC describes a requirements contract as an agreement under which a vendor supplies an agency’s recurring need for a particular good or service. These contracts allow agencies to buy on an as-needed basis rather than conducting a new procurement for each routine requirement. PASSPort makes goods from eligible requirements contracts available through online catalog shopping. GoVets’ NYC DCAS Power Tools and Fleet Maintenance contracts are supported through this requirements-contract catalog model.
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Note: Requirements-contract catalogs help agencies purchase recurring needs through an established contract. |