Social procurement is not an additional cost but an innovative adaptation of existing procurement procedures with broader objectives. Goods and services are still competitively and transparently procured, with added value coming from the inclusion of social impact criteria in bid evaluations. Social procurement can seamlessly integrate into major development projects, including infrastructure.
This FAST Tips simulation demonstrates how to run FIS reports on diverse supplier spend and commitments. For more information on diverse suppliers, see Social Procurement.
As previously announced, the University of Toronto is conducting a one-year social procurement pilot. For the duration of the pilot, participating faculties and departments will have access to a Diverse Supplier Portal of vendors providing a wide range of goods and services. For instructions on how to use the portal, download the Diverse Supplier Quick
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An equity-seeking community comprises groups facing discrimination or barriers to equal opportunity, including women, persons with disabilities, newcomers, 2SLGBTQIA+ individuals, visible minorities/racialized people, and other historically underrepresented groups identified by U of T.
Diverse Suppliers can be: Social Enterprises – businesses that sell goods and services in the marketplace, with a social, environmental, or cultural mission, which they reinvest the majority of their profits back into. Diverse/Equity-Deserving Suppliers – businesses at least 51% owned, managed and controlled by an equity-deserving community, such as Black, Indigenous Peoples (First Nations,
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The Vendor Master stores information on suppliers with which the University of Toronto conducts business. Each supplier has a vendor master record (i.e. vendor account), which is required when issuing payment through the University’s financial system. The following article provides step-by-step instructions on how to request a new vendor account. For more information on Vendor
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