Purchasing 12.00

Procurement Card Program

Introduction

The Procurement Card Program has been established as a service to campus departments through PNC Bank and the UofL Department of Purchasing.  This program allows departments the opportunity to use a University credit card to purchase certain goods costing less than $2500.00.  The University benefits by having a more efficient, cost-effective method of purchasing and payment for small dollar transactions.  If a department decides it is appropriate for their use and wishes to participate, the cardholders will be expected to follow the established guidelines and will be held accountable for use of the card.

The program complements the existing purchasing and payment process.  Use of the card will not replace current travel or competitive bid regulations, nor will it allow departments to bypass Purchasing policies and procedures.