This is a legal form that was released by the U.S. Department of Agriculture - Agricultural Marketing Service on August 1, 2018 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Exhibit 1?
A: Exhibit 1 is the New Vendor Qualification Checklist.
Q: What is the purpose of the New Vendor Qualification Checklist?
A: The purpose is to assess and qualify new vendors before entering into a business relationship.
Q: What does the New Vendor Qualification Checklist include?
A: The checklist includes various criteria such as financial stability, product quality, compliance with laws and regulations, etc.
Q: Why is it important to use the New Vendor Qualification Checklist?
A: Using the checklist helps ensure that new vendors meet certain standards and minimize risks associated with working with unknown or unreliable vendors.
Q: Who is responsible for using the New Vendor Qualification Checklist?
A: The responsible party varies depending on the organization, but typically it is the procurement or vendor management team.
Form Details:
Download a printable version of Exhibit 1 by clicking the link below or browse more documents and templates provided by the U.S. Department of Agriculture - Agricultural Marketing Service.