The Office of the State Comptroller received 20,867 contract transactions, including both new contracts and contract amendments, valued at $88.37 billion in the 2017 calendar year. The average time from submission to final sign-off was 7.5 days.

The Office of the State Comptroller received 21,381 contract transactions, including both new contracts and contract amendments, valued at $169.2 billion in the 2015 calendar year. The average time from submission to final sign-off was 9.1 days. Approximately 86 percent of these transactions, representing almost 25 percent of the aggregate contract dollar value, were reviewed by OSC in 15 days or less. An additional 9.8 percent, representing an additional 70 percent of the total value of contracts, were processed in 16 to 30 days.

The Office of the State Comptroller received 23,591 contract transactions valued at $44.4 billion, both new contracts and contract amendments, in the 2014 calendar year. The average time from submission to final sign-off was 11.6 days. Over three-quarters of these transactions (78.5 percent), representing over 75 percent of the aggregate contract dollar value, were reviewed by OSC in 15 days or less. An additional 15.6 percent were processed in 16 to 30 days.

The Office of the State Comptroller received and acted on 22,794 contract transactions in the 2013 calendar year. The average time from submission to final sign-off was 11.2 days. Over three-quarters of these transactions (79 percent) representing over 80 percent of the total contract dollar values were reviewed by OSC in 15 days or less, and an additional 15.8 percent were processed in 16-30 days.

As New York State struggles to meet the challenges of its current fiscal crisis, State policy makers must find ways to encourage growth in various sectors of the State’s economy to ensure the long-term fiscal health of the State. Small businesses – including those owned by minorities and women – are a vital part of that economy.

A number of laws govern the procurement of goods and services. Seeking competition guards against favoritism, extravagance, fraud and corruption. However, there is a well-established exception to these competitive bidding requirements for professional services, such as those rendered by attorneys, engineers or accountants, where cost is only one element that a responsible local official would want to consider.

The directory presents and tracks individual agency expenditures by categories such as supplies, equipment, maintenance and repairs, and more.

In 2010-11, vendors were paid interest totaling $1,398,859, representing an increase of $486,799, or more than 53 percent, above the prior year. 

In 2011-12, vendors were paid interest totaling $1,925,986, representing an increase of $526,531, or more than 37 percent, above the prior year. 

In 2012-13, vendors were paid interest totaling $2,552,297, representing an increase of $627,035 above the prior year.