Meet these requirements below
Meet the definition
A diverse supplier is a business that is 51% owned and operated by a minority, woman, disability-owned business enterprise, veteran, service-disabled veteran, or lesbian, gay, bisexual or transgender owned business and certified by a Verizon-approved third party organization.
Prove financial stability
Suppliers must be financially sound and creditworthy.
Demonstrate continuous improvement
Suppliers may be required to demonstrate their capabilities as well as process and performance improvements.
Be an established business
Suppliers must be able to provide a legal company name and have been in business for a minimum of three years. Suppliers must be able to demonstrate revenue for this period.
Submit federal taxpayer ID
Suppliers must be able to provide a federal taxpayer ID.
Suppliers may be required to provide references of past and current customers.
Meet insurance & bonding requirements
Suppliers must provide Commercial General Liability Insurance, Commercial Automobile Liability, Workers' Compensation, Employer's Liability and Professional Liability. Additional Umbrella/Excess Liability insurance may also be required. Suppliers must be able to obtain bonding when required.
Conduct background checks
Suppliers must certify to Verizon that it has conducted (or used an agency to conduct) criminal history checking, drug testing, and verification of education, employment history, social security number and legal right to work for all employees and contract personnel.
Implement quality processes
Suppliers may need to establish and implement an effective Quality Management System (QMS) with defined processes and operating procedures that measure continuous improvements (TL9000/ISO 9001).
Provide third-party certification
If registering as a minority, woman, disability-owned business enterprise, veteran, service-disabled veteran, or lesbian, gay, bisexual or transgender owned business, you must provide certification documentation through a third-party certification organization recognized by Verizon.
Verizon reserves the right to select suppliers that will participate in its procurement process and cannot, and will not, promise to transact business with any supplier.
Supplier selection terms and conditions
Our sourcing and procurement process enables qualified suppliers to compete for business opportunities. Supplier selection requires certain levels of evaluation and due diligence. The degree of evaluation and due diligence will depend on the circumstances and the products and services being procured. As such, the criteria that follow may apply to your Company and includes, but is not limited to, Verizon’s evaluation of a supplier’s financial health, technical excellence, value and quality, depth of expertise, reputation, past performance and capability to meet Verizon’s standards and business objectives.
The Verizon Supplier Diversity program is a component of Verizon's Sourcing and Procurement process. It is not a set aside program. Registration in Verizon's Supplier Diversity database does not:
- Guarantee award of a Verizon contract
- Certify or designate a firm as an approved or preferred Verizon supplier
- Place a supplier on any potential "bidder's list”
- Obligate Verizon to solicit a Request for Quotation (RFQ)
- Indicate a supplier will be considered or selected to bid on procurement opportunities
Once registered, it is the supplier's responsibility to keep certification and registration profiles and documentation current. Any supplier with outdated or expired certification may be removed from the database without prior notice.
If registering as a minority, woman, disability-owned business enterprise, service-disabled veteran-owned or lesbian, gay, bisexual or transgender business you must provide certification documentation through a third-party certification organization or office recognized by Verizon. These are:
- National Minority Supplier Development Council
- Women's Business Enterprise National Council
- National Gay & Lesbian Chamber of Commerce
- U.S. Business Leadership Network
- California Public Utilities Commission; Verizon requires you obtain certification if your company is located in the state of California.
- Associations for service veterans
- Federal, state, local government offices
- Public utility commissions
Register as a diverse supplier
Suppliers that are already third-party certified as a minority, woman, disability-owned business enterprise, veteran, service-disabled veteran, or lesbian, gay, bisexual or transgender owned business can register immediately. Please note that supplier database registration does not guarantee business opportunities and does not result in an “approved” supplier status.
Prime supplier tier 2 spend reporting training
To further our commitment to diversity throughout the sourcing and supply chain process, Verizon has implemented a strategy for Tier 2 subcontracting. We strongly encourage our prime suppliers to honor their commitment to diversity by:
- Actively including qualified diverse suppliers as subcontractors/Tier 2 vendors in Verizon procurements
- Ensuring that those diverse suppliers are certified through a Verizon recognized third-party diverse certification organization or office
- Mentoring diverse suppliers
- Partnering with Verizon to host diverse supplier opportunity seminars
Our prime suppliers’ commitment to diverse supplier inclusion is what makes our multi-tier program so successful.