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People Soft Purchasing Limited Value (LV) RequisitionPurchasing Limited Value Requisition (LV) (Rev. 2/14/2018)Table of Contents Small Delegated Purchase Authority 3Purchasing Overview 4Requisition
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How to fill out limited value lv requisition

01
To fill out a limited value (LV) requisition, follow these steps:
02
Log in to the LV requisition system.
03
Select the type of LV requisition you need to fill out.
04
Provide the required information such as your name, department, and contact details.
05
Specify the purpose or reason for the requisition.
06
Enter the details of the items or services you need to requisition, including quantity, unit price, and any additional notes.
07
If necessary, attach any supporting documents or files.
08
Review the requisition form for accuracy and completeness.
09
Submit the requisition form.
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Wait for the approval process to be completed.
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Once approved, follow any further instructions provided by the system or the designated authority.

Who needs limited value lv requisition?

01
Limited value (LV) requisition is typically needed by employees or departments within an organization who require specific items or services to carry out their duties or projects.
02
It may be required by various departments such as procurement, finance, or administration.
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Limited value (LV) requisition is a formal request made for purchases that fall below a certain designated dollar amount.
Any individual or department within an organization that needs to make a purchase below the set dollar limit is required to file a limited value requisition.
To fill out a limited value requisition, the requester must provide details of the purchase including description of the item/service, quantity, estimated cost, and any other relevant information requested by the organization.
The purpose of a limited value requisition is to streamline and formalize the process of making purchases below a certain dollar threshold, ensuring transparency and accountability in financial transactions.
Information such as description of item/service, quantity, estimated cost, budget code, requester's information, and any approvals required must be reported on a limited value requisition.
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