Contract Summary

This is a nationwide contract established through an agreement with NASPO ValuePoint Cooperative Purchasing Program. Washington State is serving as the ‘Lead State’ in conducting the competitive procurement and resulting Master Agreement.

The resulting Master Agreement will be available for use by any NASPO ValuePoint cooperative purchasing member – i.e., any state, the District of Columbia, or territory of the United States. States participate by executing a Participating Addendum (PA). PAs must be executed by the chief procurement official for the applicable State law, and shall not change the terms and conditions set forth in the Master Agreement.

Participating States (state that have executed a PA) will authorize participants (Participating Entities). Participating States may also, allow local governments, political subdivisions, and other authorized entities under the applicable state may be permitted by the chief procurement official to execute a Participating Addendum and also become a Participating Entity.

It was competively bid and awarded to U.S. Bank. The contract covers multiple card types including Purchase Cards, One Cards, Travel Cards, Declining Balance/Managed Spend Cards, Single Use/Virtual Cards, and ePayables.

This contract includes Rebate Program including a Volume Incentive, a Prompt Payment Incentive, and a National Annual Volume Incentive as described in Exhibit B of the NASPO ValuePoint Master Agreement.

Washington organizations interested in participating in the new Commerical Card Services (PCard) contract can find participation requirements and rebate information at the DES PCard Website

IMPORTANT NOTE: All participatnts in the new contract must complete a Card User Agreement and Know Your Customer document for their organization. More information can be found at the DES PCard webpage.