RELCO's standard purchasing terms and conditions are available below.
These terms and conditions govern all purchases unless a specific contract is in force whereupon the terms of the contract shall prevail. By accepting RELCO's purchase order, the vendor agrees to abide by these terms conditions and the Vendor Invoice terms and conditions (below).
If you cannot view the Terms and Conditions, please contact your buyer or request one by contacting the corporate office.
Vendor Invoice Terms and Conditions
All vendor invoices must be forwarded in a timely manner to RELCO's accounting office. Only invoices sent to the accounting address within 90 days of delivery of goods or services will be considered valid for payment. The accounting address may be found on our 'Contact Us' tab above.
RELCO's standard payment terms are 60 days unless alternate arrangements are agreed upon by a RELCO officer in a written ammendment to the 'Purchasing Terms and Conditions' presented above. RELCO may pay (at its sole discretion) the vendor invoice either by check, ACH or credit card authorization - no service charge, up charge or any other charge will be accepted for the vendor receiving payment by any of the foregoing methods.
Equal Treatment of All Vendors
Support of Disadvantaged Business Enterprises
RELCO’s company values stipulate eight core principles. Our “Commitment to Ethics”, our “Commitment to Family and Community” and our “Commitment to Treating Others with Respect” form the backbone of RELCO’s commitment to building a diverse vendor base that rewards vendors who share our “Commitment to Excellence” and our “Commitment to Innovation”. RELCO will contract with Vendors regardless of whether that vendor is large or small or without regard to the particular race, color, gender, sexual orientation or national origin of its ownership or leadership.
Thus, RELCO has established a Disadvantaged Business Enterprise (“DBE”) program to ensure equal opportunity to participate in RELCO’s purchasing of goods and services. The primary tenets of this program will be in effect for all purchases in harmony with our core values.
To learn more about RELCO's D.B.E. program you are welcome to contact anyone in our purchasing team, or you can sign up to join our quarterly conference call where we discuss current purchasing needs, answer questions as to how companies can qualify to be a supplier or vendor to RELCO, and consider suggestions as to how RELCO can better support the DBE community.
Our next quarterly conference call will be held at 11:00a (central) on each of the following dates:
December 15, 2017
March 15, 2018
June 15, 2018
September 15, 2018
December 15, 2018
Note: This is a special session held by RELCO's purchasing team to solicit input from the DBE community on ways to improve its DBE program. This meeting will not discuss upcoming purchasing requirements or how vendors can qualify to sell to RELCO.
To register for the quarterly DBE conference call, please contact anyone in the purchasing department by calling either the Corporate or Albia Square office. You will be provided with the telephone number and access code for RELCO's conference bridge.
RELCO's (proposed) overall disadvantaged business enterprise (DBE) goal of 3.50% for fiscal years 2017-2019. The DBE Goal is applicable to U.S. Department of Transportation (DOT)/Federal Transit Administration (FTA) assisted contracting opportunities. RELCO’s Proposed Overall DBE Goal and its rationale will be available for public inspection from 8:00 a.m. to 4:00 p.m., Monday through Friday at the Albia Square location. If you are interested in learning more, please contact your purchasing agent.