University and Purchasing Policies
Purchasing Terms and Conditions
All Fordham University Purchase orders have standard terms and conditions that are designed to protect Fordham’s legal rights in transactions with suppliers. Only the Director of University Procurement has the authority to change or waive any standard PO terms and conditions including payment terms.
A Purchase Order is processed through the Purchasing Department. University policy requires that certain purchases costing over $5,000 (mostly for goods and services) be processed via a Purchase Order, and the expense “encumbered” in Banner.
Fordham University is recognized as a non-profit, educational 501(c) (3) institution, and is exempt from sales tax on most purchases. Individuals purchasing materials, supplies, and services subjected to New York State sales tax should speak to Purchasing or Accounts Payable prior to purchasing from vendor to discuss Fordham purchase tax exemptions.