Common use of Credit Cards Clause in Contracts

Credit Cards. The use of credit cards, both CONTRACTOR-issued credit cards and an employee's personal credit card used on behalf of the CONTRACTOR, should be limited to purchases where established purchasing and disbursement practices are not suitable. Credit cards issued in the CONTRACTOR’S name must be adequately safeguarded and usage monitored to ensure that only authorized and necessary items are purchased. Credit card purchases should be pre-approved by CONTRACTOR management to ensure that they are reasonable and necessary. All credit card disbursements must be supported by original invoices, store receipts or other external authenticating documents indicating the item purchased, the employee making the purchase, and the justification for the purchase. Credit card statements are not sufficient support for credit card purchases.

Credit Cards. The use of credit cards, both CONTRACTOR-CONTRACTOR issued credit cards and an employee's personal credit card cards used on behalf of the CONTRACTOR, should be limited to purchases where established normal purchasing and disbursement practices are not suitable. Credit cards issued in the CONTRACTOR’S 's name must be adequately safeguarded protected and usage monitored to ensure that only authorized and necessary items are purchased. Credit card purchases should be pre-approved by CONTRACTOR management to ensure that they are reasonable and necessary. All credit card disbursements must be supported by original invoices, store receipts or other external authenticating documents indicating the item purchased, purchased and the employee making the purchase, and the justification for the purchase. Credit card statements are not sufficient support for credit card purchases.

Credit Cards. The use of credit cards, both CONTRACTOR-Subrecipient issued credit cards and an employee's personal credit card used on behalf of the CONTRACTORSubrecipient, should be limited to purchases where established purchasing and disbursement practices are not suitable. Credit cards issued in the CONTRACTOR’S Subrecipient’s name must be adequately safeguarded and usage monitored to ensure that only authorized and necessary items are purchased. Credit card purchases should be pre-approved by CONTRACTOR Subrecipient management to ensure that they are reasonable and necessary. All credit card disbursements must be supported by original invoices, store receipts or other external authenticating documents indicating the item purchased, purchased the employee making the purchase, and the justification for the purchase. Credit card statements are not sufficient support for credit card purchases.