Installment Purchase
Installment purchases鈥攚here bids are obtained in accordance with appropriate purchasing procedures and payments are made over a period of time鈥攁re permitted only in special cases. A letter of justification, approved by the requestor's department head, dean (where applicable), and appropriate Chancellor must be submitted with a requisition to LSU Procurement.
The justification must indicate:
- the amount of the purchase,
- the desired term of the installment agreement,
- the source of funds to be used to pay the installment,
- why an installment is being requested in lieu of an outright purchase.
Procurement must also obtain approval of the requisition from the Chief Financial Officer before proceeding with the bid or purchase.
Rev 4/14/26