Payment and Discount Information

The Commonwealth provides additional opportunities for statewide contractors to provide discounts on goods and services with Prompt Payment Discounts and $ave$mart Program. These opportunities allow statewide contractors to improve visibility and sales volume. The Office of the Comptroller's Bill Paying Policy provides guidance to departments on bill paying activity. The VendorWeb Application allows statewide contractors to view both scheduled payment and payment history.

 

Commonwealth Bill Paying Policy

The Commonwealth's Bill Paying Policy is established by the Office of the Comptroller. This document outlines the Commonwealth's Bill Paying Policy and general payment policies that apply to the expenditure of Commonwealth Funds by Commonwealth departments.

Prompt Payment Discounts

Most Statewide Contracts have Prompt Payment Discount (PPD  terms. These discounted prices are based on the assumption that departments will pay their bills more quickly in order to receive lower prices. Contractors benefit from PPD by increased, more readily available cash flow as a result of fast and efficient payments for commodities delivered or services rendered.

$ave$mart Program

The $ave$mart Program is a partnership between OSD and Statewide Contactors. The purpose of the program is to create additional cost savings opportunities for all eligible entities utilizing Statewide Contracts as well as to increase sales for statewide contractors. These opportunities might come in the form of price reductions for a limited time on a Statewide Contract for specific items, free or reduced cost training and/or aggregate purchasing opportunities. To participate in the program, statewide contractors should contact their OSD Procurement Manager.

Vendor Web

VendorWeb is a web application through which Commonwealth vendors may view their payment transactions with Commonwealth of Massachusetts departments. On VendorWeb, you will find information on both scheduled payments and payment history. To use VendorWeb, you must know your vendor/customer code or the last 4 numbers of your Taxpayer Identification Number (TIN). Your vendor code can be found on your signed copy of the Standard Contract form. If you do not know your Vendor/Customer code, please contact your OSD Procurement Manager.

If you would like more detailed information about the state procurement process, please refer to the Commonwealth's Procurement Information Center.