Low Dollar Value definition

Low Dollar Value means those purchases that are valued under $5,000 including applicable taxes, freight and other charges that may apply. Purchasing cards are the preferred method to procure low dollar value items and must be used wherever they are accepted when the Authorized Purchasing Contact has been provided with a purchasing card. There are no competitive requirements for low dollar value purchases; however vendor of record agreements and blanket purchase orders should be used unless an emergency prevents this (see 3.13). Even though they are low value, these purchases still must be tracked and applied to the appropriate General Ledger Code, Work Order or Internal Order or Project
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Examples of Low Dollar Value in a sentence

  • Neither a RFQ, RFP nor RFT is required for Low Dollar Value Procurements.

  • POLICY # 5.1 - Low Dollar Value Procurements (up to but not including $10,000) SECTION 4.5.1 (1) All Low Dollar Value Procurements shall utilize all applicable City Contracts and shall otherwise be in accordance with the Procurement Policy.

  • POLICY # 5.1 - Low Dollar Value Procurements (up to but not including $10,000)‌‌ SECTION 4.5.1 (1) Client Departments shall utilize all applicable City Contracts and shall otherwise be in accordance with the Procurement Policy.

  • A Purchasing Card, Purchase Order, or Petty Cash (Not to exceed $100) may be used for Low Dollar Value Procurements.

  • Section 16 Interest on Overdue Accounts, of 2010A (2016-04-04), General Conditions - Goods or Services (Low Dollar Value) will not apply to payments made by credit cards.

  • POLICY # 5.1 - Policy for Low Dollar Value Procurements (up to but not including $5,000)‌ SECTION 4.5.1 (1) All Low Dollar Value Procurements shall utilize all applicable departmental Contracts and Corporate Contracts and shall otherwise be in accordance with the Purchasing Policy.

  • Section 12 Interest on Overdue Accounts, of 2029 (2016-04-04), General Conditions - Goods or Services (Low Dollar Value) will not apply to payments made by credit cards.

  • Section 12 (2008-12-12) Interest on Overdue Accounts, of 2029 (2016-04-04), General Conditions - Goods or Services (Low Dollar Value) will not apply to payments made by credit cards.

  • Low Dollar Value Purchases Under the provisions of the Purchasing By-law, a department head may authorize the purchase of goods or services directly, through the issuance of a Departmental Purchase Order (DPO), when the total cost, including all taxes and related charges, does not exceed $7,500 in any one instance.

  • Section 12, Interest on Overdue Accounts, of 2029 (2016-04-04), General Conditions - Goods or Services (Low Dollar Value) will not apply to payments made by credit cards.

Related to Low Dollar Value

  • Specified Dollar Amount means the maximum cash amount per $1,000 principal amount of Notes to be received upon conversion as specified in the Settlement Notice related to any converted Notes.

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Dollar Equivalent means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency.