Cooperative formed to cut costs
The College of William and Mary is teaming up with 11 other 4-year colleges and the Virginia Community College System to save money on purchasing.
The colleges have formed the Virginia Higher Education Procurement Cooperative. The cooperative allows colleges to negotiate with vendors as a body and get better pricing on the supplies they regularly purchase.
"Vendors want volume. If we are offering (a vendor) the opportunity to deal with up to a dozen schools all at once, then not only is it more likely they will provide us better service, but we are also going to be more important to them and ultimately we are going to get...