ACQNET: RE - Solvency assurance (2 responses)

Date: Fri, 29 Aug 2003 11:50:59 –0400
From: Katharine Wall (Ouachita Parish PL) <kwall_at_oplib.org>
Subject: RE: Solvency assurance

Vince Jenkins inquired about ... "a new local policy, in light of the
divine/Faxon episode, of periodically requiring proof of vendors'
financial well-being."

As a result of several local elected officials and administrators (none,
of
course, from the library) being under indictment for malfeasance in
office,
misuse of public finds and allegedly purchasing more than cleaning
supplies
from a local "vendor,” we are now required to obtain a federal IRS form
W-9, a completed  Vendor Data Sheet (attached) and, for in-state
businesses,
A copy of a current business license.

Currently this is just required to be on file before our governing
agency
(here in Louisiana, this is a Police Jury--comparable to county board or

city council) will pay any invoice.  There is no requirement for a
subsequent check or updating at this time.

Katharine

Katharine Wall                                   (318) 327-1490 x 3017
Head of Technical Services               (318) 327-3443 FAX
Ouachita Parish Public Library          Kwall_at_oplib.org
1800 Stubbs Avenue
Monroe, LA 71201


Date: Mon, 01 Sep 2003 13:58:19 +0200
From: Roel Tilly (Universiteit Maastricht) <RTilly_at_UB.unimaas.nl>
Subject: RE – Solvency assurance

In our dealings with vendors in Holland we use/demand so called "Bank
garanties" from them. These guaranties are signed agreements/
statements/drafts  from a bank that the company we are dealing with has
a
solid credibility and the monies we pay in advance for subscriptions
will
be safe. Perhaps you should look into this.

Regards,

Roel Tilly
Licensingcordinator UKB
Universiteit Maastricht
Grote Looiersstraat 17
6211 JH Maastricht
 tel. 043-3885091
















--------------------------------------------------------------
For information about ACQNET's editorial policies,
how to subscribe/unsubscribe, and access to Archives, see:

 http://acqweb.library.vanderbilt.edu/acqweb/acqnet.html

--------------------------------------------------------------