A Project Purchase Order (P/O) is a procurement document that describes the exact requirements of a Project Owner or a Purchaser to a Supplier / Manufacturer for products or services needed for a specific Project. It serves as a contract between the Parties, ensuring that both parties agree on the quality, quantity, performance, pricing, and payment terms.
A purchase order designates details such as the order date, description of Goods, delivery requirements, packing and shipping conditions, unit and total prices, and terms of payment.
In projects, a purchase order serves as a supplementary agreement to the main contract between a Project Owner and a General Contractor. Consequently, under such a contract, it’s common to issue numerous purchase orders to multiple vendors, depending on the variety of items required for the project.
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