How The Collaborative works
One-stop for an integrated solution, all under a single Diverse Supplier MSA for easy invoicing and payment, as well as meeting Diverse Supplier spend requirements
If more than one member company is needed, one company is designated “lead” to pull together proposal. The Collaborative can facilitate any partnerships and “curate” an integrated solution
Project is contracted under The Collaborative MSA, and the lead company prepares SOW, incorporating any subcontractors
The Collaborative provides Compliance and Performance oversight, and invoices the client directly, then distributes payment to the lead company
The Collaborative provides oversight
Compliance Requirements
- Members adhere to all compliance requirements stipulated in client MSAs (e.g., AE Reporting, Data Privacy/GDPR Protection, Cybersecurity, Anti-Corruption)
- Members must take the client AE training prior to starting a project
- The Collaborative will provide third party oversight to help manage any Compliance challenges, including audit assistance
The Collaborative mitigates performance risk
Performance Requirements
- Members will report any performance issues for help in resolution
- Members must take all actions necessary to remedy performance issues
- If necessary, a Collaborative Oversight committee will intervene to resolve the issue
- Members must carry professional liability insurance as stipulated in client MSAs
