Requirements

The general requirements for diverse suppliers may apply to your company and includes, but are not limited to, the criteria in the general requirements section below. If registering as a minority, woman or service-disabled veteran-owned business, third-party certification must be provided through an organization recognized by Verizon. If you are a prime supplier, please view our Tier Two Strategy. Quarterly reports must be submitted via the supplier portal.

Please read our supplier terms and conditions and FAQs for detailed information.


General requirements

Meet definition A diverse supplier is a business that is at least 51 percent owned and operated by minorities, women, or service-disabled veterans.
Prove financial stability All suppliers must be financially sound and creditworthy.
Demonstrate continuous improvement Suppliers may be required to fully demonstrate their processes as well as continuous improvement of those processes and/or performance of their products and services.
Be an established business Suppliers must be able to provide a legal company name and should be 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.
Provide references Suppliers may be required to provide references of satisfied 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 A supplier 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 or service- disabled veteran owned business you must provide certification documentation through a third-party certification organization recognized by Verizon.
Disclaimer: 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.

 

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Third-party certification

If registering as a minority, woman or service-disabled veteran-owned business you must provide certification documentation through a third-party certification organization or office recognized by Verizon. These are:

Suppliers who are already third-party certified as a minority, woman, veteran or service-disabled business can register immediately. Please read our supplier terms and conditions and FAQs for detailed information. Disclaimer: Supplier database registration does not guarantee business opportunities and does not result in an “approved” supplier status.

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Tier Two strategy

To further our commitment to diversity throughout the sourcing and supply chain process, Verizon has implemented a strategy for Tier Two subcontracting. We strongly encourage our prime suppliers to honor their commitment to diversity by:

  • Actively including qualified diverse suppliers as subcontractors/Tier Two vendors in Verizon procurements
  • Ensuring that those diverse suppliers are certified through a Verizon authorized third-party diverse certification agency
  • Mentoring diverse suppliers
  • Partnering with Verizon to host diverse supplier opportunity seminars
  • Submitting a prime supplier (Tier Two) report on a quarterly basis through our supplier portal.

Our prime suppliers’ commitment to diverse supplier inclusion is what makes our multi-tier program so successful. To report Tier Two spend, you must first register at Verizon’s reporting portal.

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