|
This marketplace was conceived and designed with the following principles in mind:
- Uniform financing facilitated for all California State contracts for goods and services.
- Quickness and ease of acquisition (short time frames, facsimile use).
- Convenience (pre-negotiated terms and conditions, current quotes, easy contract inclusion).
- Flexibility (changes may be made when needed).
- Only private placement financing on tax-exempt and taxable bases.
- Buyer accountability, responsibility for making best buy decision retained (e.g., funding could still be obtained through the State Treasurer's Office or higher rates could be used if judgment warrants).
- Competitive rates.
- Fair, open competition among qualified sources.
- Market sensitivity (i.e., developed with industry input and responsive to market changes).
|
