Vendor Return

Vendor Return may be authorized when an entity chooses to return property to a vendor for a discount on the purchase of replacement property. The request must clearly demonstrate a financial benefit to the state.

These transactions are authorized by the Surplus Property administration staff through the issuance of a “V” number. The “V” number enables the entity to remove the property from inventory.

A “V” number is also used for Risk Management claims where the insurer retains the property as part of the settlement.