In general, it is the responsibility of Heads of Â鶹´«Ã½ to designate appropriate authority limits within their spending units. However, all units must abide by the following limits:
- Orders for purchases costing more than £10,000 (inclusive of VAT) per individual item or group of related items - to be approved by the Director of Finance. For this purpose, purchase includes leasing and other finance arrangements.
- Invoices and credit notes to a value greater than £10,000 - to be approved by Head of Department.
All Heads of Â鶹´«Ã½ must ensure that authority limits for their areas of responsibility have been detailed and notified to the Finance Office and the Head of Purchasing Services for:-
- Approval of Purchasing Requisitions and Orders.
- Payments.
- Salaries & Wages. (timesheets).
Deputies for authorisers must be clearly established in advance of need.
All requisitions must be approved by a person who has the appropriate level of authority, prior to the issue of a Purchase Order to the supplier