Qualifications / Requirements

qualifications / requirements

Prospective suppliers must meet certain minimum qualification requirements. These requirements may vary by product and service type; however the common elements are listed below.

Insurance Requirements
Potential suppliers must have full insurance coverage compatible with the risks of their business. Gulf determines the insurance coverage required by our contracts.

US Federal Taxpayer ID or Country equivalent Taxpayer Identification
Potential suppliers must provide their company’s FEIN and if a foreign country entity, their country’s equivalent.

Quality Standards
Suppliers must provide high quality products and equipment that are fully warranted. Suppliers must perform services professionally and to Gulf’s satisfaction.

Competitive Pricing
Suppliers must offer prices for their products and services, which are competitive within the industry. Gulf expects pricing and any discounts to be equal to, or better than, that given to other customers with a comparable volume of business.

Qualification | On-going Business Requirements
For suppliers to be awarded continuing business, Gulf has additional requirements as listed below:

Quality Program
In support of our best overall value goal, Gulf has adopted Supplier Quality programs based on the industry best practices. To meet our goals and client expectations, the products we purchase must be of the highest quality and reliability.

Technical Improvement
Suppliers, particularly manufacturers, should have a research and development program to continually improve their products and incorporate new technology. These improvements make good business sense as well as ensuring we maximize our collective resources.

Cost Reduction
Gulf will work with chosen suppliers to reduce their costs. We expect such cost reductions to be reflected in reduced prices.