TAMU Marketplace Agreement: What You Need to Know

Texas A&M University (TAMU) is committed to promoting a diverse and inclusive business environment for its students and faculty. As part of this commitment, the university has implemented TAMU Marketplace, an online platform that allows TAMU departments to search, purchase, and pay for goods and services from qualified vendors.

One of the most important aspects of using TAMU Marketplace is understanding the Marketplace User Agreement. This agreement outlines the terms and conditions that govern the use of TAMU Marketplace by departments, vendors, and other parties involved in the procurement process. Here are a few key points to keep in mind:

Registration and Approval

To use TAMU Marketplace, you must register and be approved by the university. This process includes submitting an application, providing proof of insurance and other required documentation, and attending training sessions on how to use the platform.

Vendor Requirements

To be eligible to sell goods or services on TAMU Marketplace, vendors must meet several requirements, including being licensed and registered to do business in the state of Texas, having liability insurance, and complying with all applicable state and federal laws.

Payment and Invoicing

All payments to vendors using TAMU Marketplace are made electronically, and vendors must submit an invoice through the platform to receive payment. TAMU departments are responsible for verifying that the goods or services received are satisfactory before approving payment.

Dispute Resolution

In the event of a dispute between a department and a vendor, TAMU provides a dispute resolution process to help resolve the issue. This process involves mediation, and if necessary, arbitration.

Confidentiality and Security

TAMU Marketplace users are required to maintain the confidentiality of all information obtained through the platform, including vendor and department information. Additionally, all users must adhere to TAMU’s information security policies and procedures.

Conclusion

By understanding the TAMU Marketplace User Agreement, TAMU departments and vendors can navigate the procurement process with ease and confidence. If you have any questions about TAMU Marketplace or the Marketplace User Agreement, contact the TAMU Procurement Services Office for assistance.