Vendors: Doing Business with Colorado Mountain College
|CMC W-9||523.75 KB||DownloadPreview|
|Purchase Order Terms and Conditions||137.50 KB||DownloadPreview|
|Sales Tax Exemption||1.95 MB||DownloadPreview|
How to do Business with CMC
Colorado Mountain College values our business partners and the contributions you make in supporting our staff, faculty and students. The purchasing department is committed to a transparent and inclusive contracting process that awards college work to responsive and responsible vendors. This webpage contains the information you need to do business with CMC and all of the forms and documents you may need to access in our business together.
Authority to purchase
The Colorado Mountain College Board of Trustees is responsible for entering contracts and agreements on behalf of the college. Each year the Board designates that authority to our President who names two designees: 1) the Chief Operations Officer and 2) the Director of Purchasing and Contracts. Those two individuals are authorized to sign contacts and agreements for the college. Purchasing decisions at CMC are decentralized and personnel at the campus and department level interact directly with our vendors. The issuance of purchase orders and contracts is centralized in the purchasing department however. For expenditures of more than $5,000 a vendor must be issued a purchase order or blanket purchase order by the CMC purchasing department prior to delivery or performance.
Tax Exempt Status
Colorado Mountain College, as a public agency, is exempt from all applicable federal, state and local taxes. Our tax exempt number is 98-00796 and the Sales Tax Exemption Certificate is available on this page (above).
Spending and competitive limits
CMC is funded in large part with taxpayer money and has a fiduciary responsibility to protect the public trust. The following limits are designed to get appropriate approval internally to commit funds and to ensure that our vendor community has the opportunity to compete for CMC projects:
- Expenditures of more than $5,000 require a Purchase Order to be issued prior to the goods being delivered and/or service(s) being provided.
- Contracts of value greater than $100,000 in any year must be signed by both the Director of Purchasing and Contracts and Chief Operating Officer.
- Contracts of more than $250,000 require pre-approval from the Board of Trustees. Please be advised that meetings are somewhat infrequent (about 7 per year) and the purchase request may need to come in front of the Board more than once. If you are providing goods or services of more than $250,000 allow plenty of time for the process to take place prior to a CMC purchase order being issued.
- Construction projects of more than $50,000 are required to have contractors carry payment and performance bonds.
Purchases of goods of more than $10,000 and services of more than $25,000 are subject to a required competitive process.
We announce all RFQs and RFPs using Rocky Mountain e-Procurement and manage the process on our website. Use the navigation link to the left to visit the RFP/RFQ page.
It is not necessary for vendors to be pre-registered with CMC or be on a pre-approved vendor list. We establish a vendor in our accounting system the first time we do business together. To register as a vendor simply complete the Vendor Registration Form along with a current W-9 (both above). Vendors should re-submit a vendor registration form and W-9 if they haven’t done so within in the past three years. We regret that our staff cannot accommodate all vendors seeking an introductory meeting.
How to accept payment
CMC relies on a purchasing card program for purchases of product under $5,000. CMC prefers to pay with a p-card in many of these situations. If a P-Card is not accepted by a vendor, purchases of less than $5,000 will be paid through our voucher system.
Invoices should be sent to the CMC personnel responsible for the purchase at the “ship-to” address on the purchase order. It is the responsibility of the individual campuses to process an invoice for payment. The campus will then send the processed invoice to Accounts Payable for payment. Checks are generally issued every twice a week.
Purchase terms default to net 30 days. Vendors and contractors providing services to the college and/or goods that require an outlay of funds from the vendor prior to CMC payment may be paid in more than one installment in some cases, subject to CMC approval. Please submit any such request on the Vendor Registration Form.
All purchases of more than $5,000 require a purchase order.
CMC requires all service vendors to be insured, and a current, compliant insurance certificate will be collected unless an exception is otherwise made. During the processing of a Purchase Order, insurance requirements will be assigned. You can send our CMC Insurance Requirements to your insurance agent or broker and they will work directly with our risk management team to make sure the certificate is compliance. Our requirements are standard and used by most public entities.
Multiple Fiscal Year Obligations
All financial obligations of the College subsequent to the fiscal year ending June 30 are contingent upon funds being appropriated, budgeted or otherwise made available by the Board of Trustees. Please see our Purchase Order Terms and Conditions (above) for more information.
Indemnification is holding another party harmless in the event a problem occurs. Because there is no way to know what that contingent liability may be in the future, it is not possible for CMC to appropriate those funds. As a result, it is not lawful for CMC to indemnify another party. Vendor indemnification provisions will be excluded by the College in any contracts or agreements. Any exceptions to this must be approved by our General Counsel.
Purchase Order Terms and Conditions
All vendors shall agree to be bound by the College's Purchase Order Terms and Conditions.