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Capital Purchase Request Form Date: Department: Manager:Note: All items may not have a direct financial payback for the Coop. If your request does not produce a direct financial gain, please be very

How to fill out capital purchase request form

How to fill out capital purchase request form

1. Step 1: Start by downloading the capital purchase request form from the company's intranet or obtaining a physical copy from the procurement department.
2. Step 2: Fill out the top section of the form with your personal information, including your name, department, and contact details.
3. Step 3: Specify the purpose of the capital purchase request by providing a brief description of why the purchase is necessary.
4. Step 4: Indicate the estimated cost of the purchase in the appropriate field.
5. Step 5: Provide details about the specific item or items to be purchased, including the name, quantity, and any relevant specifications.
6. Step 6: If necessary, include justification for the purchase, explaining how it aligns with the company's goals or will improve efficiency/productivity.
7. Step 7: If there are any budget restrictions or limitations, make sure to include that information on the form.
8. Step 8: Obtain the required approvals by gathering signatures from your supervisor, department head, and any other appropriate personnel.
9. Step 9: Submit the completed form to the procurement department or follow the specified submission process outlined in your company's guidelines.
10. Step 10: Keep a copy of the filled-out form for your records.
11. Step 11: Follow up with the procurement department or relevant stakeholders to track the progress of your request.

Who needs capital purchase request form?

1. Employees who require a capital purchase for their department or project.

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What is capital purchase request form?

The capital purchase request form is a document used to request approval for purchasing capital assets or equipment.

Who is required to file capital purchase request form?

Any department or individual needing to purchase capital assets or equipment is required to file a capital purchase request form.

How to fill out capital purchase request form?

To fill out the capital purchase request form, provide details about the requested asset, its intended use, cost, funding source, and justification for the purchase.

What is the purpose of capital purchase request form?

The purpose of the capital purchase request form is to obtain approval for acquiring capital assets or equipment in a transparent and accountable manner.

What information must be reported on capital purchase request form?

The capital purchase request form typically requires details such as asset description, quantity, cost, funding source, and justification for the purchase.