The University of Texas at Austin Purchasing
Office is delighted to offer University departments a MasterCard Procurement
Program for ordering supplies or business services. The program is a fast,
flexible method of processing low dollar value purchases from vendors
that accept the MasterCard credit card. This program eases the process
of purchasing commodities for The University.
The procurement card works like a credit card, and carrying one is a
privilege based on trust. In order to obtain a procurement card, an applicant
must first become certified in its use.
The Procurement Card Program is authorized by a Texas
Procurement and Support Services contract with JP Morgan/Chase.
With the procurement card one may purchase non-restricted commodities
up to the maximum single purchase limit on the card ($999 to a maximum
of $4500 with approval) directly from vendors without issuing
a purchase order or entering an accounting transaction. This program
will reduce the time and effort required to make payments for University
purchases.
The use of the procurement card to pay for a purchase does not exempt
The University or its officers and employees from the purchasing requirements
of state law and the TPASS.
This is page 1 of 7 in preparation for
the
Procurement Card Certification Exam.
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