VENDOR OFFSET Clause Samples
The Vendor Offset clause requires the vendor to provide certain economic or commercial benefits, such as investments, technology transfers, or local sourcing, to the buyer’s country as a condition of the contract. In practice, this may involve the vendor agreeing to purchase goods or services from local suppliers, establish joint ventures, or support local employment initiatives. The core function of this clause is to ensure that the buyer’s country gains additional value beyond the primary contract, often to promote local industry development or offset the cost of the procurement.
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VENDOR OFFSET. CRS §§▇▇-▇▇-▇▇▇ (1) and 24-30-202.4.
VENDOR OFFSET. CRS §§▇▇-▇▇-▇▇▇ (1) and 24-30-202.4. [Not Applicable to intergovernmental agreements] Subject to CRS §24-30-202.4 (3.5), the State Controller may withhold payment under the State’s vendor offset intercept system for debts owed to State agencies for: (a) unpaid child support debts or child support arrearages; (b) unpaid balances of tax, accrued interest, or other charges specified in CRS §▇▇-▇▇-▇▇▇, et seq.; (c) unpaid loans due to the Student Loan Division of the Department of Higher Education; (d) amounts required to be paid to the Unemployment Compensation Fund; and (e) other unpaid debts owing to the State as a result of final agency determination or judicial action.
VENDOR OFFSET. 24-30-202(1) and 24-30-202.4, C.R.S.
VENDOR OFFSET. Pursuant to CRS 24-30-202.4, as amended, the State Controller may withhold payment for debts owed to state agencies under the vendor offset intercept system for: (a) unpaid child support debt or child support arrearages; (b) unpaid balance of tax, accrued interest, or other charges specified in Article 21, Title 39, CRS; (c) unpaid loans due to the Student Loan Division of the Department of Higher Education; (d) owed amounts required to be paid to the unemployment compensation fund; and (a) other unpaid debts owing to the state or any agency thereof, the amount of which is found to be owing as a result of final agency determination or reduced to judgment as certified by the State Controller.
VENDOR OFFSET. CRS §§▇▇-▇▇-▇▇▇ (1) and 24-30-202.4.
(a) unpaid child support debts or child support arrearages; (b) unpaid balances of tax, accrued interest, or other charges specified in CRS §▇▇-▇▇-▇▇▇, et seq.; (c) unpaid loans due to the Student Loan Division of the Department of Higher Education; (d) amounts required to be paid to the Unemployment Compensation Fund; and (e) other unpaid debts owing to the State as a result of final agency determination or judicial action.
VENDOR OFFSET. [Not applicable to intergovernmental agreements] If required by CRS §24-30-202.4 (3.5), the University Controller may withhold payment under the state’s vendor offset intercept system for debts owed for: (a) unpaid child support debts or child support arrearages; (b) unpaid balances of tax, accrued interest, or other charges specified in CRS §39- 21-101, et seq.; (c) unpaid loans due to the Student Loan Division of the Department of Higher Education; (d) amounts required to be paid to the Unemployment Compensation Fund; and (e) other unpaid debts owing to the state as a result of final agency determination or judicial action.
VENDOR OFFSET. [Not applicable to intergovernmental agreements] If required by CRS §24-30-202.4 (3.5), the University Controller may withhold payment under the state’s vendor offset intercept system for debts owed for: (a) unpaid child support debts or child support arrearages;
VENDOR OFFSET. [Not Applicable to intergovernmental agreements] If required by CRS §24-30-202.4 (3.5), the University Controller or designate may withhold payment under the State’s vendor offset intercept system for debts owed for: (a) unpaid child support debts or child support arrearages; (b) unpaid balances of tax, accrued interest, or other charges specified in CRS §▇▇-▇▇-▇▇▇, et seq.; (c) unpaid loans due to the Student Loan Division of the Department of Higher Education; (d) amounts required to be paid to the Unemployment Compensation Fund; and (e) other unpaid debts owing to the State as a result of final agency determination or judicial action.
VENDOR OFFSET. CRS §§▇▇-▇▇-▇▇▇ (1) and 24-30-202.4. [Not Applicable to intergovernmental agreements] Subject to CRS §24-30-202.4 (3.5), the State Controller may withhold payment under the State’s vendor offset intercept system for debts owed to State agencies for:
(a) unpaid child support debts or child support arrearages; (b) unpaid balances of tax, accrued interest, or other charges specified in CRS §▇▇-▇▇-▇▇▇, et seq.;
VENDOR OFFSET. [Not Applicable to intergovernmental agreements] Subject to CRS §24-30-202.4 (3.5), the State Controller may withhold payment under the State’s vendor offset intercept system for debts owed to State agencies for: (a) unpaid child support debts or child support arrearages; (b) unpaid balances of tax, accrued interest, or other charges specified in CRS §▇▇-▇▇-▇▇▇, et seq.; (c) unpaid loans due to the Student Loan Division of the Department of Higher Education; (d) amounts required to be paid to the Unemployment Compensation Fund; and (e) other unpaid debts owing to the State as a result of final agency determination or judicial action.