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Procurement Card Policy                                                       Home > Accounting/Procurement > Procurement Card Policy

Old Dominion University Research Foundation has implemented a procurement card program for researcher use on sponsored program, cost center and discretionary purchases. The purpose of this program is to afford authorized users greater flexibility in making small dollar procurements. The use of a procurement card should substantially alleviate the need to use Limited Purchase Orders. The use of a procurement card will in no way change the required documentation for purchases or change any existing procurement policies. The single purchase limit on all credit card purchases is $2,000.

All purchases made with the procurement card are subject to the same guidelines as to reasonableness, allowability and allocability as any expenditure on a sponsored program. Therefore in order to qualify for a procurement card, an overhead, departmental or discretionary account will be designated to cover any unallowable or undocumented purchases made with an individual procurement card.

The guidelines for issuing a procurement card are as follows:

Additional terms and conditions governing the use of an ODU Research Foundation procurement card are:

Procurement cards require approximately two weeks to process, set-up and issue cards. To obtain an ODU Research Foundation procurement card, complete an application including any required approvals and forward to:

Procurement Card Administrator
Old Dominion University Research Foundation
P. O. Box 6369
Norfolk, Virginia 23508

 

 

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