New York State Procurement continually renews its portfolio of centralized commodities, technology, and services contracts in order to provide the most economical and up-to-date purchasing tools for use by state agencies, municipalities, schools, and other entities authorized by law to use OGS contracts. At any given time, there are approximately 2,500 such contracts in place, valued at over $5 billion annually. Generally, a centralized contract is established through an open, price-based competitive bid process among eligible businesses for the purchase of commodities. Service and technology contracts are procured using a “best value” methodology.