Increase in Limit for Standard Purchase Orders

Publication Date

As of September 12, 2019, invoices less than $5,000 on standard purchase orders (POs) for goods will be automatically approved and paid without routing to the DLC, as the goods will be presumed to have been received by the DLC.

All other invoices—including invoices for any services, invoices on blanket purchase orders, research subcontract invoices, and invoices for $5,000 or more—will go to DLCs for approval.

This policy change, based on consultation with the community, increases the limit for standard POs from $3,000 to $5,000. It will result in more timely payments to MIT’s suppliers and will relieve DLCs from the task of approving lower-dollar invoices and handling supplier inquiries about invoices and payment status.

Check out Learn Common Buying and Paying Terms on the VPF website for a brief refresher on requisitions, POs, invoices, G/L accounts and cost objects, and more.