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February 07, 2020 - UNDP has changed its asset capitalization threshold from US $1,500 to US $5,000. This policy change will significantly reduce the volume (i.e. quantity) of assets in the asset register thereby allowing UNDP to focus attention on higher value items. The change in policy should also result in a more effective verification and certification process. Clauses 4 and 16 of the policy has been updated to reflect the new asset capitalization threshold.
Novemeber 21, 2018 -
Sections 1 and 4 of the Corporate Purchasing Card Management policy were updated to reflect that the single payment limit has been raised from $2,500 to $5,000.
Multi-layers of micro BMS approval requirements have been removed to simplify the business process, while encouraging the use of LTA and e-catalogues to ensure transparency in quotation.