encyclopedia

PURCHASE ORDER

A contractual document in which a promise to pay is offered to exchange for an acceptance effectuated by performance, e.g., the delivering of goods, generally used for inventory replenishment items or other acquisitions for which the MTA assumes a minimum…

PURCHASE REQUISITION

A form used by a user department or other authorized user to initiate procurement action for materials, supplies, and/or services.

PURCHASED TRANSPORTATION (CARRIERS UNDER CONTRACT)

Public or private transportation provider on the basis of a written contract. (TRB)