ACQNET: Solvency Assurance

From: Eleanor Cook <cookei_at_appstate.edu> Date: Thu, 28 Aug 2003 21:53:47 -0400 To: acqnet-l_at_listproc.appstate.edu

Date: Wed, 16 Jul 2003 17:56:58 -0400
From: Vince Jenkins <vince.jenkins_at_domail.maricopa.edu>
Subject: Solvency Assurance

At one of the recent NASIG conference's "hot topic" sessions, I think
someone described a new local policy, in light of the divine/Faxon
episode, of periodically requiring proof of vendors' financial
well-being.

How often are these requests made--annually, quarterly . . .?  If
vendors do not respond, do you stop ordering from them until they do?

Could anyone share a template of your requests to vendors  (I'm
wondering what phrases to use)?

Is it your library's responsibility, or that of your purchasing
department, to ascertain a vendor's solvency?

Thanks a lot.
Vince
***********************************************************************
Vince Jenkins
Coordinator, Library Technical Services
Maricopa County Community College District
Tempe, Ariz. 85281-6942
(ph) 480.731.8774
(fx) 480.731.8787
vince.jenkins_at_domail.maricopa.edu

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