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Please assist us in reducing unnecessary paperwork by using the procurement card! The Procurement Department and Accounts Payable are working together to reduce the number of invoices submitted for payment. By doing so, the vendor will be paid within three days rather than the 15 - 20 days it takes to pay an invoice and the costly steps of processing invoices through Annapolis are easily eliminated!
The procurement card is the most efficient way to make small dollar purchases.
As a public institution, we must adhere to the policies established by the Maryland
Board of Public Works (BPW). BPW Advisory No. 1998-1, Corporate Purchasing Card
(CPC) - Mandatory Use, requires us to use the CPC or procurement card for delegated
purchases. The only allowable exception is when the supplier
does not accept the corporate procurement card. Because the University System of Maryland has a delegated threshold
of $5,000, the campus should use the procurement card for purchases up
to this amount. You may view the BPA Advisory in its entirety at http://www.bpw.state.md.us/procurement/advisories.asp.
If purchasing goods from a vendor who accepts the procurement card, please use
your procurement card to make the purchase. If you do not have a procurement card,
ask a cardholder in your department to make the purchase on your behalf. To find
out more about the procurement card program, contact the Procurement Department
at 4-3492 or visit the website at http://wwwnew.towson.edu/adminfinance/fiscalplanning/procurement/ProcurementCard.htm.
Should you have any questions about invoices, please contact the Financial Services
Help Line at finservehelp@towson.edu or extension 4-5599.