Vendor Identity
Legal business name, DBA, entity type, and Employer Identification Number (EIN) to match tax and payment records and avoid backup withholding issues.
A consistent vendor questionnaire reduces onboarding friction, documents regulatory and insurance compliance, and creates an auditable record for tax reporting and vendor risk management.
The form is shared and completed by a mix of internal teams and external vendors during onboarding or contract setup.
Use role-specific routing and required‑field checks to ensure the right stakeholders review and approve vendor submissions.
Typically initiates the request and reviews responses. Responsible for verifying insurance limits, scope alignment, and that licensing matches the service being performed before approving site access or payment.
An owner, officer, or authorized agent of the vendor completes and signs the questionnaire, certifying accuracy of tax ID, insurance, licenses, and contact details for accounts payable.
Legal business name, DBA, entity type, and Employer Identification Number (EIN) to match tax and payment records and avoid backup withholding issues.
Primary contact name, email, phone, and remit address so purchase orders, invoices, and tax documents route correctly to accounts payable.
Insurance carrier names, policy numbers, coverage limits, and certificate holder language required by the property owner to manage liability exposure.
State and local license numbers, issue/expiration dates, and jurisdiction to confirm contractor eligibility for regulated work at the property.
Clear description of services, locations, work hours, and any subcontracting so risk and access controls can be applied consistently.
W‑9 or W‑8, preferred payment method, and ACH details to complete vendor setup and support 1099 reporting compliance.
| Field | Configuration |
|---|---|
| Required Attachments | W‑9, insurance, licenses |
| Field Validation | TIN format checks, date pickers |
| Signer Authentication | Email link with optional SMS code |
| Approval Routing | Property manager → procurement → AP |
Choose a platform that supports secure file formats, integrations with accounting systems, and audit trails for legal defensibility.
Ensure the platform can produce a tamper‑evident certificate of completion and retains records in compliance with applicable statutes and internal retention policies.
No statutory deadline; provide upon request to avoid backup withholding.
Annual recipient/IRS deadlines: Jan 31 for 1099‑NEC and many recipient copies.
Typical verification completes within 3–10 business days depending on document completeness.
Require renewal certificate prior to policy expiration to maintain site eligibility.
Keep records according to retention policies tied to tax and liability statutes.
Vendor receives questionnaire and required document list.
Vendor uploads W‑9, insurance, and licenses; missing items cause the biggest delays.
Internal review confirms coverage, license validity, and TIN match.
Accounts payable creates vendor record and schedules first payment.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies by plan | Varies by plan | Varies by plan | Varies by plan |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |