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New Mexico Got
Rid of Vendor Registration Fees |
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New Mexico
State Purchasing
Division has eliminated a vendor registration fee of $100
per year for any company seeking to do
business with the state.
Since 1984
companies that want to do business with the state had to pay
an annual fee of $100.
The vendor registration fund was an
enterprise fund that generated $158,000 in Fiscal Year 2012.
The action will be retroactive to July 1, meaning any
company that paid the $100 fee for Fiscal
Year 2013 will have the money returned.
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In addition
to the elimination of the annual vendor fee vendors
will be able to self-register their companies, reducing
input errors in the state database.
Also, the
bid process will be more transparent, allowing all vendors
to view solicitations.
Previously,
those who hadn’t paid the $100 fee saw only partial
information and would need to request additional
details from the State Purchasing Division. |
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The state also recently announced that it will be
implementing a new e-procurement system to streamline
the interaction of businesses with state
government. The
paperless e-procurement system is expected to save $2.1
million over
three years.
It will
allow tracking of contract delivery and
completion dates.
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By Jack
River
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