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How do I pay invoices for equipment rental or lease?

To make a purchase of goods or services from a supplier not listed in the NC State University MarketPlace system, you will need to submit a non-MarketPlace Requisition. Step-by-step instructions can be found in the following video tutorial:

If the equipment will be needed on a continuous basis, it is usually more economical to purchase the equipment outright if the funds are available. The absence of current funding does not constitute a good reason to choose a lease over a purchase option.

Leases and rentals are subject to the state’s bidding requirements if the total costs exceed $5,000.

For more information about the types of lease agreements and bidding requirements, please visit the Purchasing Manual, Chapter 4: Leases and Rentals.

Updated on February 3, 2022

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