JOINT PURCHASING AGREEMENT Sample Clauses
A Joint Purchasing Agreement is a contractual arrangement where two or more parties collaborate to buy goods or services together, typically to leverage their combined purchasing power. Under such an agreement, the parties may pool their orders, negotiate collectively with suppliers, and share the benefits of bulk discounts or improved terms. This clause is commonly used by businesses seeking to reduce costs, streamline procurement processes, or increase bargaining strength. Its core practical function is to enable participants to achieve more favorable purchasing conditions than they could individually, thereby solving the problem of limited negotiating leverage and higher prices.
JOINT PURCHASING AGREEMENT. An agreement in writing providing for the lease or purchase of information technology under a single contract. A joint purchasing agreement may be entered into by any number or combinations of educational institutions. If a joint agreement is executed by each of the participating educational institutions it shall set forth the categories of information technology to be purchased or leased, the manner of advertising for bids and awarding the contract, the method of payment by each participating educational institution, and other matters deemed necessary to carry out the purposes of the agreement.
JOINT PURCHASING AGREEMENT. UPS agrees to extend all terms and conditions, specification and pricing for the services listed in the resulting contract to all authorized local governmental units and qualified workshops. The Governmental Joint Purchasing Act, 30 ILCS 525/0.01 authorizes certain local governmental units and other not-for profit workshops for the severely handicapped (as defined in 30 ILCS 500/45-35, meeting the requirements of 30 ILCS 525/2) to purchase personal property, supplies and services jointly with the State. Any authorized unit of local government or qualified workshop that may participate in this contract shall be responsible for issuing purchase orders directly to UPS, processing invoice vouchers and making payments due to UPS.