University and Cooperative Term Contracts

Selecting a contract streamlines purchasing for departments by providing pre-approved suppliers with established pricing and terms—so you can buy faster, stay compliant, and avoid delays. Using a procurement contract also enables you to move forward with purchases that exceed departmental delegation without requiring Procurement review before issuing a PO. Use the links on the left to explore details about VT-specific contracts, cooperative agreements, and statewide contracts. These resources support informed purchasing decisions and help ensure compliance with university and state procurement policies.

University Term Contracts

The Procurement team at Virginia Tech oversees an extensive portfolio of multi-year contracts that ensure commonly purchased goods and services are available at negotiated pricing with established warranties and service standards. 

Cooperative Term Contracts and Group Purchasing Organization (GPO) Contracts

Virginia Tech leverages cooperative term contracts and Group Purchasing Organization (GPO) agreements established by other universities, state agencies, and purchasing consortia. These competitively awarded contracts streamline procurement and ensure best value by utilizing existing solicitations, pricing, and service agreements.

Requesting New Term Contracts

Departments may request a new term contract when purchases are frequent, high in value, complex, or needed by multiple departments. A long-term contract is also appropriate when stable pricing, defined service levels, or revenue-generating agreements benefit the university.

Departmental Contract Management Responsibilities