SUPERSEDED SECTION - NOT CURRENT

SECTION 714           SMALL-DOLLAR PURCHASES

For most small-dollar purchases (any single purchase of $2,500 or less), departments are not required to go through the Purchasing Department.  Instead, departments may place orders directly with suppliers and then make payment, either by using the Procurement Card (ProCard) or submitting the invoice to Accounts Payable.  All small-dollar orders must receive approval from the appropriate account sponsor, and no small-dollar order may be placed with a supplier without such approval.  Splitting of orders in order to circumvent the small-dollar limitation is specifically prohibited.  Certain purchases, regardless of dollar amount, must go through the Purchasing Department.  Please refer to the Purchasing Department web site for details: http://www.ou.edu/purchasing/home/procard/smalldollarprocedures3_1.doc

Adopted 4-6-04.