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Financial
Affairs >>
Purchasing & Contracts >> P&C
Manual
>>
Table of Contents >> Rebates
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Rebates |
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Rebate is defined
as a return to Georgetown University of either free goods
or a monetary amount based on volume of purchases over a specified
period of time. Purchasing will often seek to obtain a better
price through negotiation instead of using rebates.
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| On
occasion, vendors will offer a rebate on a selected purchase
or to be used for a future purchase. Mail in rebates are to
be mailed to the vendor by the department and the refund credited
to a departmental budget. Rebates and refunds resulting from
purchases are not to be used for personal use. Individuals are
cautioned that on occasion there are terms and conditions applicable
to rebates which should be reviewed by Purchasing. |
| If
the department does not plan to use the rebate, it may be sent
to the Purchasing & Contracts Department and it will be
applied to another departmental order. |
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