Preferred Suppliers are selected through a formal sourcing process. These suppliers have multi-year contracts in place with MIT that feature negotiated pricing, terms, and conditions. For purchases from Preferred Suppliers, MIT's competition requirements are met and a Selection of Source Form is not required. Although Preferred Suppliers provide negotiated pricing for most items within their commodity, some goods and/or services may be excluded and a Selection of Source form would then be required. Review individual supplier pages on VPF Supplier Search for exclusions.