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Department of Buildings and General Services Office of Purchasing & Contracting 133 State Street, 5th Floor | Montpelier VT 056338000 8028282211 phone |8028282222 fax http://bgs.vermont.gov/purchasingAgency
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Who needs reciprocal preference information?

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Reciprocal preference information refers to a set of disclosures between related parties outlining any preferential relationships or mutual benefits that could influence business decisions or financial reporting.
Typically, entities engaged in transactions with related parties or affiliates are required to file reciprocal preference information as part of their compliance with regulatory standards.
To fill out reciprocal preference information, businesses must provide specific details about their transactions with related parties, including the nature of the relationship, the terms of the transactions, and any preferential arrangements.
The purpose of reciprocal preference information is to ensure transparency in financial reporting, allowing stakeholders to understand potential conflicts of interest that may arise from related-party transactions.
The information reported must include the names of the parties involved, the nature of the relationship, transaction amounts, terms of the agreements, and any benefits received.
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