{"id":548,"date":"2022-06-03T08:48:13","date_gmt":"2022-06-03T08:48:13","guid":{"rendered":"https:\/\/peer.com.au\/peerconstruction\/?page_id=548"},"modified":"2022-07-04T03:55:10","modified_gmt":"2022-07-04T03:55:10","slug":"purchase-orders-po-procedure","status":"publish","type":"page","link":"https:\/\/peer.com.au\/peerconstruction\/purchase-orders-po-procedure\/","title":{"rendered":"Purchase orders (PO) procedure"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”intro background” _builder_version=”4.17.4″ _module_preset=”default” background_color=”#1E1E1E” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ admin_label=”Title banner” _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”Title” _builder_version=”4.17.4″ _module_preset=”default” text_font=”Raleway||||||||” text_text_color=”#1E1E1E” header_font=”Raleway|600|||||||” header_text_color=”#FAA61A” header_font_size=”45px” global_colors_info=”{}”]<\/p>\n

Purchase orders (PO) procedure<\/h1>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.17.4″ _module_preset=”default” text_font=”Raleway||||||||” text_text_color=”#FFFFFF” text_font_size=”20px” custom_padding=”||0px|||” global_colors_info=”{}”]<\/p>\n

A purchase order is the standard document used to purchase goods and services<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_row column_structure=”3_4,1_4″ _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”3_4″ _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”Purpose and scope” _builder_version=”4.17.4″ _module_preset=”default” custom_padding=”||0px|||” global_colors_info=”{}”]<\/p>\n

Purpose<\/h2>\n

This procedure outlines the requirements to purchase goods and services.<\/p>\n

Applies to all employees, subcontractors, apprentices, and contractors at PEER Construction.[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_search _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_search][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.17.4″ _module_preset=”default” background_color=”#F5F5F5″ global_colors_info=”{}”][et_pb_row _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”Text 1 grey background” _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

Process<\/h2>\n

A purchase order is a contract between PEER Construction and a vendor. Using a purchase order to initiate purchases ensures that transactions are covered by a proper contract. A properly completed purchase order is a legally binding contract and should be treated accordingly<\/p>\n

Requests for purchases must be processed through the Purchasing Department on the Purchase requisition\/order form. The purchase order is the standard instrument used to procure goods and services. All PEER Construction procurement transactions require a purchase order<\/p>\n

A regular purchase order is issued for a one-time procurement of a commodity or service. When the commodity or service is delivered and paid in full, the order is complete.<\/p>\n

Oral requisitions\/purchases are not considered valid purchases by PEER Construction requisition. The requisitioning department is responsible for defining quantity, quality, specifications, delivery date requirements and all other pertinent information essential to making a proper purchase.<\/p>\n

Departments submitting a requisition are requested to follow the guidelines shown on the Purchase requisition\/order form.<\/p>\n

All purchase orders must include the following or they will be returned to the department.<\/p>\n