DOCUMENT

POL - Innovation Price Matching Policy Metro Water District 2009

  • YEAR CREATED: 2009
  • TYPE OF DOCUMENT: POL - Policies/Procedures
The document discusses the innovation price matching policy implemented by the Metropolitan Water District to address the issue of public agencies overpaying for items. The policy allows the District's vendor to match the price if a requestor finds an item cheaper elsewhere. This program contributes to the purchasing profession by ensuring that procurement gets the best price for what it purchases. It increases procurement's value to the organization by helping to make the best use of limited budget resources and maintaining the integrity of the public purchasing process. The program also demonstrates procurement's collaboration with stakeholders by being responsive to their needs and encouraging them to look for the best pricing. It redefines the manner in which purchasing operates by providing the benefits of a public contract while still being responsive enough to offer the best prices available.
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