Doing business with Vectren
Vectren's Supplier Diversity and Development program aims to identify, develop and promote the inclusion of qualified diverse suppliers in the procurement of goods and services that add value and stability across our organization. We focus on suppliers and service providers that are competitive, offer quality products or services, high delivery standards and customer service. Our goal is to provide procurement and development opportunities for small, women, minority, veteran, and service disabled veteran business enterprises, by working with our entire Supply Chain team to maximize Strategic Sourcing practices.
If you are interested in doing business with Vectren or would like to learn about current opportunities, please send your company's profile statement, containing core capabilities with NAICS code and applicable diverse business classifications to firstname.lastname@example.org.
Vectren requires the procurement of a wide range of products and services that may include consumable goods, professional services, materials, fleet services, facility maintenance, and infrastructure replacement in multiple locations across its Indiana and Ohio service territories. Specific supplier opportunities may vary depending on our company's need, so we encourage all vendors to prepare themselves for becoming a Vectren supplier by reviewing these basic guidelines:
- Determine the value add of your product or service to Vectren and how best to position your company to meet a specific need.
- Be able to define and present your company's capabilities and qualifications clearly and succinctly.
- Ensure you have the appropriate certifications and that they are current and, if not, begin the process of doing so.
- Evaluate if your company will need any specific technical certifications or professional designations as a Vectren supplier.
- Familiarize yourself with Vectren's stringent safety requirements and ensure your company is able to comply.
- Remain aware of Outreach events and activities in which you may have an opportunity to connect and build on your relationship with Vectren representatives.
Prospective suppliers (contractors) may be required to provide information throughout the onboarding process, which may include, but not limited to the following general requirements. Additional requirements per Scope of Work (SOW) or type of work can be found on our Supplier Qualifications document (PDF).
- Taxpayer ID
- W-9 Form
- Non-Disclosure Agreement
- Certificate of Insurance (liability amount varies per SOW)
- Verifiable References
- Audited Financial Statements
- ACH Bank Authorization
- Diverse Business Certification Diverse Business Classifications (PDF)
Diverse suppliers may utilize the following links and resources for additional information or assistance:
Dayton Area Chamber Of Commerce
The Dayton Area Chamber of Commerce Minority Business Partnership (MBP) is an economic development initiative, which seeks to help grow our economy and strengthen area business by leveraging Dayton region minority assets. MBP creates supply chain opportunities for local businesses with an emphasis on minority business participation.
Indiana State Minority and Women Business Enterprise Division
Assist minority and women businesses by creating fair, competitive, and equitable business environment. Providing networking opportunities to clients. Working to increase utilization. Monitoring and enforcing program compliance.
Mid-States Minority Supplier Development Council
The Mid-States MSDC is an affiliate of the National Minority Supplier Development Council (NMSDC). The council offers nationally recognized certification, which identifies the MBE company as a firm that meets, the definition of a Minority Business Enterprise (MBE) as established by NMSDC.
National Minority Development Council
The National Minority Supplier Development Council advances business opportunities for certified minority business enterprises and connects them to corporate members. The NMSDC network includes: 24 affiliate regional councils nationwide and 1,750 corporate members and growing.
Ohio Department of Administrative Services (DAS)
Minority Business Enterprise Program The State of Ohio's Minority Business Enterprise (MBE) program is designed to assist minority businesses in obtaining state government contracts through procurement program for goods and services.
Ohio Minority Development Council
The Ohio MSDC is an affiliate of the National Minority Supplier Development Council (NMSDC). The council offers nationally recognized certification, which identifies the MBE company as a firm that meets, the definition of a Minority Business Enterprise (MBE) as established by NMSDC.
Southwest Indiana Chamber - Evansville & Posey County
The Southwest Indiana Chamber launched its Diverse Business Alliance (DBA) in 2013. DBA creates education mentorship, and networking opportunities for disadvantage business enterprises.
U.S. Small Business Administration
The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, and assist e overall economy of our nation.
U.S. Department of Veterans Affairs
This site provides information about the Center for Verification and Evaluation (CVE) efforts to verify Service-Disabled Veteran-Owned Small Businesses (SDVOSBs) and Veteran-Owned Small Businesses (VOSBs).
Women Business Enterprise National Council
The Women's Business Enterprise National Council (WBENC), founded in 1997, is the largest third-party certifier of businesses owned, controlled, and operated by women in the United States.
Our supplier diversity & development position
Vectren Corporation recognizes that a diverse and inclusive corporate culture is an essential asset for maintaining a competitive advantage in the marketplace. Our company's commitment to integrating diversity and inclusion into all aspects of our operations strengthens our business capacity, maximizes shareholder value, connects us to our community, and positions us as leaders in the utilities industry. Therefore, we are committed to pursuing business relationships with diverse businesses using innovative approaches designed to continually improve equitable opportunities to compete.
Our commitment is not based on quotas or philanthropy. The supplier relationships we are seeking must provide mutual value to Vectren Corporation, the diverse business, and our constituents. Our Supplier Diversity and Development commitment includes:
- Strategically engaging qualified diverse businesses that can provide competitively priced high-quality products and services.
- Promoting support of our supplier diversity and development initiatives by major suppliers to Vectren Corporation through their supply chain of materials and services to Vectren.
- Targeting opportunities to assist in developing competitive diverse businesses through instruction, mentoring, and other outreach activities.
- Executing a continuous improvement plan across our Supply Chain procurement and communications processes.
Our Supplier Diversity and Development commitment is an integral part of Vectren's Strategic Sourcing and is fully aligned with our corporate diversity and inclusion goals.