Acquisition Guidelines / How the Bank Buys
Our buyers locate responsible suppliers, manage the acquisition process, analyze proposals and negotiate contracts in compliance with Federal Reserve policies and guidelines. We award contracts to those suppliers that offer the best total value in terms of price, quality, availability, and service. Competitive proposals and bids are issued electronically and require that a supplier’s proposals or bid be submitted electronically.
The Federal Reserve Bank of Minneapolis recognizes the importance of a diverse supplier base and is committed to supplier diversity. The Bank does not discriminate on the basis of race, religion, color, national origin, sex, age, disability or sexual orientation in our contracting and procurement activities. It is the Bank's mission to seek, identify, and foster business relationships with, and purchase goods and services from, certified minority-owned, women-owned, and small businesses. Technical assistance is available from the Bank for all potential suppliers particularly minority-owned, women-owned and small businesses.