Construction Glossary

Purchase Order Amendment (POA)

The form required when the final invoice amount differs from the original Purchase Order (PO) amount.

What Is Purchase Order Amendment (POA)?

This amendment can address changes in quantity, pricing, or delivery terms and is crucial for maintaining accurate records and ensuring both the buyer and supplier agree on the revised terms. By documenting these changes, POAs help prevent disputes and facilitate smooth transactions between construction companies and their suppliers.

Example

The contractor may issue a Purchase Order Amendment to adjust the total amount due after negotiating a discount on the bulk materials ordered.

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Purchase Order (PO)Purchase Order Financing

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