Specifications include, but are not limited to: Provide government entities opportunities for greater efficiency and economy in acquiring goods and services through competitively procured vendor agreements. Provide comprehensive purchasing practices according the Laws of the State of Texas and Federal Regulation 2 CFR part 200, when appropriate, and is designed to result in competitive agreements that meet a wide variety of needs. Provide competitively priced purchasing options for multiple government entities that yields economic benefits usually unobtainable by the individual entity. Provide quick and efficient delivery of goods and services by entering into pricing agreements with “high performance” vendors. Equalized purchasing power for smaller entities. Maintain credibility and confidence in business procedures by maintaining free, full and open competition for purchases and by complying with purchasing laws and ethical business practices. Provide document retention for competitive procurement process for all TIPS Awarded Agreements.