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Blanket Purchase Orders: If blanket purchase orders are not used, do they need to close after 30 days?

April 26, 2017Blanket days orders purchase Used

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Blanket Purchase Orders: If blanket purchase orders are not used, do they need to close after 30 days?

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The statute doesn’t give a time limit; however, if there is not a reason to leave the BPO open, it should be closed to allow the funds to be released back into the account. The exception would be that all BPO’s should be closed on June 30 of each year. Reference: 62 310.