September 17, 2021 - The policy has been updated to reflect the following changes:
1. Corporate purchasing cards can now make individual purchases up to USD$ 10,000 (increased from USD$ 5,000) where the local offices have been granted the appropriate increase in their micro purchasing thresholds. The monthly credit limits for these approved corporate purchasing cards can also be increased from USD$ 20,000 to USD$ 40,000.
2. The introduction of the new On-Line Purchasing Card Activity Log that replaces paper-based log files and the corresponding responsibilities of cardholders to use the Activity Log as part of their monthly reconciliations.
3. Policy alignment with the revised fixed asset threshold which has been increased to USD$ 5,000.
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.
