Business Information
Letter of Credit (PDF)
Purchasing Policy
Purchases made with University funds must comply with the following:
- University Purchasing Policy UM1507
- University Purchasing Procedures - Guide to Procurement and Contract Services
- State of Tennessee laws
- Currently, University orders may be placed through the Tigerbuy eProcurement System with an approved University purchase order or Purchasing Card Program (less than $5,000). Both purchasing methods are administered by the University’s Procurement and Contract Services Office. Solicitation of bids/proposals is the responsibility of the University’s Procurement and Contract Services Office. To receive bid and purchase opportunities, vendors must register in the Tigerbuy system at memphis.edu/procurement/tigerbuy.
Authorized Signatures
No employee of the University has authority to make purchase commitments, enter into
any contract for goods or services, or otherwise take action with respect to third
parties which may be construed as financially binding to the University except through
the authority of Procurement and Contract Services, unless specifically authorized
in writing by the President of the University. Procurement and Contract Services is
responsible for receiving bids and entering into negotiations with vendors.
Billing Instructions
Submit a two-part invoice within five (5) days after shipment of material. Invoice
must include the purchase order number and applicable cash/trade discounts. Cash discounts
will be computed from the date correct invoices are received. Send separate invoices
for each and every shipment to:
Accounting Office
The University of Memphis
275 Administration Building
Memphis, TN 38152-3370
Taxes
The University is exempt from federal excise and State of Tennessee sales tax. Appropriate
certification of exemption will be furnished upon reasonable request.
Federal ID Number – furnished upon request
Bank Reference
First Horizon Bank
901.523.4247
Credit Reference
DUNS Number 055688857
Note: Data provided on this Web site is for general information purposes only. Nothing contained herein shall be construed or is intended to amend, modify, override, or nullify any statute, rule, policy or procedure of the University of Memphis.