IEEE's core purpose is to foster technological innovation and excellence for the benefit of humanity. This requires a commitment to innovation and excellence on the part of IEEE suppliers as well. In addition, IEEE has a number of conditions that all current and potential suppliers must meet. Below is a summary of the standard practices and information that IEEE requires from its suppliers.
All suppliers are expected to abide by the IEEE Contractor Guidelines and Code of Conduct and may be required to enter into a formal written agreement with the IEEE for services.
Please consult your tax advisor if you have questions about which forms you need to complete or how to complete the forms. Additional information and forms can be found on the IRS Web Site.
As per the IEEE Master Services Agreement, suppliers shall maintain during the term of any agreement with the IEEE the following insurance coverage(s) which shall be issued by an insurance company with a current A.M. Best rating of A-VII or better:
In addition to the above required insurance, any Supplier who will be providing professional services including but not limited to engineering, designing or consultative services in connection with this Agreement shall maintain:
Insurance requirements for some categories of suppliers may be modified or waived depending on the level of risk. If a supplier is providing a high-risk service or good then higher insurance amounts and additional types of coverage may be required. For questions regarding supplier insurance coverage, specifically modifications or exemptions please consult Strategic Sourcing and Enterprise Risk Management.
Prior to contract execution and the start of work or services, Suppliers shall furnish IEEE with certificates of insurance evidencing the insurance coverage(s) and limits required by their agreement with IEEE. The insurance policies except Workers’ Compensation and Professional Liability (if applicable), shall be endorsed to name the IEEE, its agents, officers, employees, and volunteers as additional insured.