Procurement Cards Sample Clauses
The Procurement Cards clause establishes the rules and procedures for using company-issued credit cards to purchase goods or services. Typically, it outlines who is authorized to use these cards, the types of purchases permitted, spending limits, and the process for documenting and reconciling transactions. By setting clear guidelines, this clause helps streamline small or routine purchases while maintaining control and accountability over company expenditures.
Procurement Cards. When the University implements a system-wide procurement card system, unit members who are obligated to regularly expend money in the performance of their job responsibilities will be issued cards subject to approval of the respective campus Chief Financial Officer. Unit members will use these cards in conformity with University of Maine System policy as set out in Administrative Practice Letter 45 (April 28, 1999), or its comparable successor, and will not incur any personal liability for properly authorized University expenses when using such cards in the performance of University business. Other unit members may be provided with a procurement card subject to the University purchasing card policy.
Procurement Cards. The Executive Committee may authorize the Executive Director to establish and administer procurement card accounts to conduct CES financial transactions.
Procurement Cards. The exception to this are OPpayments made on Council Procurement cards which can be made by an approved card holder who has signed a procurement card agreement setting out their authorised limits in accordance with Appendix 1. An authorised officer, other than the card holder, must be nominated to receive details of the transactions being charged to each card.
Procurement Cards. Utilize Procurement Cards to reduce the time spent on non-value added, low value purchases and give the ability back to the designated users, utilizing both internal and card feature controls. Has reduced the workload in Purchasing and Accounting, and decreased the order cycle time for the end user. Improved Environmental Disposal Criteria: Increased the emphasis on including environmental disposal conditions and recycling criteria in new tenders. Has reduced internal disposal workload, obsolete inventory levels, and disposal costs.
Procurement Cards. This policy establishes the procedures for procurement card use. The procurement card is provided to City employees based on their need to purchase business related goods and services and is provided to employees solely for the City's convenience. The card is not an entitlement nor reflective of title or position and may be revoked at any time. Personal charges shall not be made on the card. Cardholders must comply with internal control procedures to protect the City's assets. These procedures include keeping receipts, reviewing monthly statements and following proper security measures. All related purchasing policies and procedures must be followed when using the procurement card.
Procurement Cards