Lease vs. Purchase Presentation - DAU Lease vs Purchase Lease Method Appropriate if it’s to the Government’s advantage under the circumstances and may also serve as an interim measure when the circumstances – Require immediate use of equipment to meet program or system goals; but Do not currently support acquisition by purchase
Slide 1 If the purchase is for computers, often the whole computer system is listed as 1 price but the vendor will price the items separately The actual pieces of the computer system should be listed separately, i e cpu, monitor, software, peripherals
PowerPoint Presentation Things you need to know before your purchase The Purchasing Office is bound by State law and University policies that mandate how goods and services are procured Spending thresholds are based on the most recent Small Purchase Executive Order and other statutes Additional restrictions have been put in place by the University
Purchase Card Program PowerPoint Presentation The Under Secretary for Benefits re-delegated purchase card authority to the Finance Services Staff Director, Accounting Policy Reporting Division Director, and the Deputy Chief Financial Officer
PowerPoint Presentation Hire Purchase is defined as an agreement in which the owner of the assets lets them on hire for regular installments paid by the hirer The hirer has the option to purchase and own the asset once all the agreed payments have been made These periodic payments also include an interest component paid towards the use of the asset apart from the asset’s price Hire purchase agreements are used
PowerPoint Presentation President Jefferson’s Administration, concerned when the “Louisiana Territory” was returned to France in 1800 offered to purchase the key port of New Orleans Napoleon surprised the U S with an offer to sell the entire territory for $15 million
PowerPoint Presentation must be selected to complete the registration and several secondary category can be selected if needed In the Assign Category step, if a supplier selects a category without an assigned Lead Buyer, the request is routed to the Clearing Group for approval The assigned user can approve, reject, or forward the request
RFP Development Pre Solicitation Post Solicitation Before we dig into the details of revised section 11-35-1550 (Small Purchase Procedures), I’d like to review other relevant code sections We will touch on these code sections during the course of this webinar: 11-35-1210 – Establishes base agency authority to make procurements that are not under State Term Contracts at $50,000
PowerPoint Presentation New Jersey law insulates the negotiation and award of State contracts from political contributions that pose a risk of improper influence, purchase of access or the appearance thereof