Establishing Discount Rates for VCC Employees and/or Students Policy

Policy Number: 113

Policy Effective Date: Sep 25, 2015

Approval Body: President

Sponsor: VP Administration

Context and Purpose

To outline the process through which Vancouver Community College (VCC; the College) departments can establish discount rates for VCC products and services sold to VCC employees and/or students.

Scope and Limits

This procedure applies to all VCC Departments and in particular to:

Hair Salon & Spa
Transportation Trades
Health Sciences
Culinary Arts
Baking & Pastry Arts
Asian Culinary

Principles

VCC must ensure that College supplies, products, services, and facilities are administered in a fair and consistent manner across all VCC departments.
Discount rates applied on VCC products/services will require approval by the Director of Finance.
The discount rate must not result in a financial loss for VCC. Any discounted price must be greater than cost.
VCC employees cannot access for personal purposes discounts or other purchasing arrangements established through any VCC procurement agreements for supplies, products, services or facilities.

Definitions

Business Case: refers to a written report that addresses the financial implications of the proposed discount rate.
Discount Rate: refers to the percentage discounted from the regular retail price.
Facilities: refers to any physical facilities or space owned by VCC.
Products: refers to finished VCC products intended for public purchase or consumption (examples include, but are not limited to, food and baked goods).
Services: refers to VCC services intended for public consumption (examples include, but are not limited to, massages, manicures, pedicures, vehicle servicing, blood pressure monitoring, and dental care).
Supplies: refers to stocks of material, resources or tools (generally, though not always, purchased wholesale) that are used to generate services or finished products (examples include, but are not limited to, food supplies, hair supplies, spa supplies, dental supplies, and automotive tools).

Related Resources

VCC Policies

See related procedures 113

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