For each purchase over $10,000, the Selection of Source & Price Justification form documents why you chose the supplier you selected to ensure that you have met MIT’s requirements for competition; see Buying and Paying Policies, Section 6.00.
Procurement Office Contract Administrators are authorized agents to sign any supplier contract on behalf of MIT. DLC personnel do not have the authorization to sign supplier contracts on behalf of MIT.
The maximum transaction limit allowed is $3,000 and the monthly spending limit is $15,000. A department can request any limit up to the maximum allowed.
No. Although the card will be issued in your name, it is actually the property of MIT and will in no way affect your credit rating.
No. The Procurement Card cannot be used for travel-related purchases. The purchase will be blocked at the point of sale for hotel and airline transactions. All travel-related purchases should be done using the MIT Travel Card. You can contact the travel office for additional details.
To see where your requisition is in the approval process, open it up in B2P and scroll down to the Approval Chain. The current approval group will be highlighted in blue. Hover your cursor over the name of the approval group to view the names of the people authorized to approve your requisition.
There are reasons why the creation of a purchase order would be delayed. Contact the specific buyer assigned to your requisition to determine if additional documentation is required.