VCU Procurement Services

Greetings! As we approach the end of the fiscal year, let’s ensure a smooth wrap-up for 2026. Please take note of the key dates and tasks in the procurement closing schedule located in the document library on the Procurement Service website. Year End Activities FY26 VCU Procurement Services

Early Payment Discounts (EPDs) help VCU stretch its purchasing dollars by allowing certain vendors to accept slightly reduced payments in exchange for faster payment than the standard 35-day terms. The program usually runs smoothly, but questions often arise during vendor transitions—when a vendor is added to or removed from the program. EPD terms follow the […]

Sometimes the easiest way to avoid delays is also the simplest: start ahead. Departments often manage multiple priorities, and procurement is just one part of a larger effort. Bringing procurement into the conversation sooner creates more opportunity to identify the right path, resolve questions proactively, and keep things moving efficiently and compliantly. Not every purchase […]

System receiving in RealSource is more than just a formality—it confirms that goods or services have actually been delivered before payment is released. When receiving is delayed, payments often stall, which can affect vendor relationships and cash flow. Why it matters: Timely system receiving supports Early Payment Discounts (EPD) and ensures compliance with the Prompt […]

Did you know your VCU login is a golden ticket to the world’s top news? VCU Libraries provides all faculty, staff, and students with no-cost access to a massive range of local, national, and international publications—including: Why pay for a personal subscription when you already have the front page at your fingertips? Unlock your free […]

When planning to utilize Candex, it is advisable to request that individuals who will receive payments complete their registration in advance. Ensuring that payees are registered prior to initiating the purchasing process enables greater efficiency when creating purchase orders. This proactive approach facilitates a more streamlined workflow and supports the timely processing and delivery of […]

Your digital workspace should adapt to you. Whether you’re coordinating across time zones or require specific accessibility features, adjusting your settings in RealSource only takes a few clicks. How to Update Your Preferences Follow these steps to customize your account: Why Customize? Updating these settings ensures your project deadlines align with your local time and […]

At VCU Procurement Services, we strive to provide a transparent and efficient experience for our campus departments and the businesses that support our university. A frequent question we hear from staff and faculty is: “How is a vendor’s payment method determined?” The answer is simple: The vendor is always in the driver’s seat.  They choose […]

New express bus service connecting Richmond and Washington, D.C. began on March 7. The buses are designed to supplement rail travel while construction continues on the Long Bridge Project, a major infrastructure initiative aimed at expanding passenger rail capacity between Virginia and the nation’s capital. Amtrak will offer round-trip, nonstop bus service between Richmond’s Staples Mill […]

When traveling on behalf of VCU, it’s important to keep in mind that the university follows federal Meals & Incidental Expenses (M&IE) per diem guidelines. What does that mean for you? Your daily per diem already includes a set amount to cover incidental expenses—like tips and gratuities. Because of this, these costs should not be […]