Vendor peer group definition

Vendor peer group means 2 or more vendors who have similar characteristics as determined by the state WIC office.
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Vendor peer group means a group of authorized vendors based on common characteristics or criteria that affect food prices, which is used to apply appropriate competitive price criteria to vendors at authorization and limit payments for food to competitive levels.
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Vendor peer group means a group of two or more vendors determined by the department to have similar characteristics and used to set distinct competitive price criteria and allowable reimbursement levels.
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Examples of Vendor peer group in a sentence

  • The Department will determine the Not to Exceed (NTE) price, i.e., the maximum allowable price for each WIC-approved formula based on the Vendor peer group as described in MI- WIC Vendor Policy 2.03.

  • The Department has approved Vendor based upon selection criteria, Vendor’s geographic location, availability to the WIC Program participant population, and competitive MARL prices (regular price and not sale price) within a designated Vendor peer group.

  • The Department will determine the Not to Exceed (NTE) price, i.e., the maximum allowable price for each food item based on the Vendor peer group as described in MI-WIC Vendor Policy 2.03.

  • The Department has approved the Vendor based upon selection criteria, the Vendor’s geographic location, availability to the WIC participant population, and competitive prices (regular price and not “sale price”) within a designated Vendor peer group.

  • Vendor peer group - a group of two or more vendors determined by Hawaii WIC to have similar characteristics and used to set distinct competitive price criteria and allowable reimbursement levels.


More Definitions of Vendor peer group

Vendor peer group means a group of authorized vendors based on common characteristics or criteria that affect food prices, which is used to apply appropriate competitive price criteria to vendors at authorization and to limit payments for food to competitive levels.
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Vendor peer group means 2 or more vendors who have similar characteris tics as determ ined by the state WIC office.
View Source
Vendor peer group means a group of authorized vendors based on common characteristics or criteria that affect food prices, which is used to apply
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