How to Use Procurement Cards in the Construction Business

The construction business is one of the oldest trades since man discovered the need for shelter. Dealings in this industry can be cumbersome due to back and forth communication between the suppliers of construction material and the contractor. This problem, however, has found a solution with the introduction of procurement cards that can be a corporate debit card or a regular credit card. Procurement cards allow their users to avoid drafting purchasing orders and comparing supplier invoices and delivery notes as the costs of materials taken are deducted straight from the card holder's account.

Instructions

    • 1

      Visit your bank of choice with which you have an account. Fill in the application forms for acquiring a debit card. Follow the instructions on the form to ensure you fill in the form correctly.

    • 2

      Carry out research on the various suppliers of various materials such as stone, timber, metal and cement. Choose those suppliers that accept payments through debit or credit cards. Compare the prices offered by the different suppliers to settle on one that offers quality materials at an affordable price.

    • 3

      Contact the supplier in order to agree on the terms of purchase and other details such as the delivery date and quantity of supplies.

    • 4

      Give written authorization to an employee in the production function of your organization to access the company account, therefore successfully carrying out the transaction. The employee then makes direct transactions with the supplier or service provider and goods are delivered on the agreed date.

    • 5

      Counter check the transaction's success from the card activity statement you receive.

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