About the Discount Program
Beginning April 20, 2020, Procurement & Supplier Diversity Services (PSDS) will return early payment discounts to the expenditure award for sponsored awards.
As you may know, UVA offers our supplier community the option to get paid sooner than the standard payment due date in exchange for a small discount on the amount due. Known in the industry as early payment discounts, this strategy accelerates cash flow to suppliers, and reduces the risk of late payment.
IMPORTANT INFORMATION FOR PURCHASING COVID SUPPLIES
Certain items are being purchased centrally for University use. If you're planning large-scale orders, aren't sure how to proceed, or have questions, please don't hesitate to reach out to Procurement. Email email@example.com.
PAYING RESEARCH PARTICIPANTS (HUMAN SUBJECTS)
All payments for research participants must adhere to the requirements of the Institutional Review Board (IRB)
When Competition is Required
Please note: No additional competition is required for purchase of goods and services on an existing contract, as vendor selection was based on appropriate competition at the time the contract was awarded.