What is a feature of cooperative pricing?

A feature of cooperative pricing is that it allows for a single contract for all units involved. This approach streamlines the procurement process for multiple municipalities or agencies, as they can collectively leverage their buying power to obtain better prices from vendors. By combining their purchasing needs into a single contract, the participating units can reduce administrative costs, avoid redundancy in processes, and simplify compliance with regulations. This feature promotes efficiency and cost savings in public procurement, which is particularly beneficial for smaller municipalities that may not have the resources to negotiate contracts independently.

While other options may touch on relevant aspects of cooperative pricing, they do not fundamentally define its key feature. For instance, having each participating unit hold its own bids is contrary to the purpose of cooperative pricing. Additionally, while shared responsibilities in advertising or an equal say in contract details may occur in some cooperative arrangements, the essence of cooperative pricing lies in the advantages of a unified contract and the efficiencies it brings.