Generational Equity Texas
Bundled Solicitation and Contract ~ The solution to the State's information technology (IT) public policy and business needs is provided by one primary party, the system integrator, who has contracted with the State for completion of the contract. The system integrator or prime contractor also may have contracted with one or more third-party provider(s) to supply an array of IT goods and/or services necessary to the prime contractor to provide a solution to the State's business and/or policy requirements.Generational Wealth: Performance Bond ~ A form of collateral provided by the contractor that assures that funds are available to reimburse the State for damages if the contractor fails to perform or causes damage while performing the contract.
Statewide Contract ~ A contract based on a competitive process providing various goods for a specified period of time at a fixed price. While some of these contracts may be restricted to use by a specific agency, most are available for use by all State and local government agencies. (Generational Wealth Equity - Monday 18 September 2006)Equity Generation : General Provisions (GP) ~ A document that is required to be included with certain goods and information technology contracts.
Generational Equity
Leveraged Procurement Agreement ~ A leveraged procurement is the method used to combine State departments' requirements for the same items or for families of similar items, thus providing standardization and "leveraging" the State's buying power to:
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Management Memo ~ An instrument to universally transmit information about policies, procedures, programs, etc. (Saturday 24 January 2009 : Generational Equity Mergers)
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