As announced Monday in the OUC News, the IRS has increased the reporting threshold for most payments made on Form 1099-NEC (non-employee compensation) and form 1099-MISC (miscellaneous information) from $600 to $2,000 for payments made in calendar year 2026. This significant increase in reporting threshold has prompted a review and revision of the PSC Procedural Statement Study Subject Payments.
The CU Procurement Service Center is excited to announce several new master services agreements. These agreements amplify partnership, create streamlined opportunities, and empower CU campuses to access their products and services with ease and efficiency.
We are pleased to share that several important updates to the University of Colorado’s Procurement Rules will take effect on January 1, 2026. These changes are designed to streamline purchasing processes, reduce administrative burden, and provide more flexibility for departments.
Happy Holidays from the Procurement Service Center. We will be closed from Wednesday, December 24 through Friday, January 2. Normal operating hours will resume on Monday, January 5.
Effective January 1, 2026, flight segments for extended foreign business travel of more than 8 hours continuous flight time are eligible for upgraded fare class, under the revised exceptions list in the PSC Procedural Statement Travel.
If you are unable to locate a copy of your itinerary or a traveler’s itinerary, whether it was purchased online in Concur or through a Christopherson Business Travel (CBT) agent, CBT has provided a web form you can use to request a copy. Complete the required fields on the form and CBT will email the itinerary directly to you.
The Procurement Service Center (PSC) has updated relevant policies on the prohibited use of Venmo-Personal Payments, PayPal-Personal Payments, Cash App, Zelle, and other peer-to-peer (P2P) apps for any university business transaction.
Earlier this fall, Concur announced an update to the expense report interface for all users when preparing an expense report. This update was subsequently delayed by the vendor and the new release date has finally been announced.
If you submitted a purchase request or contract last year, you may have noticed things moved a little faster. That improvement reflects ongoing efforts by the Procurement Service Center (PSC) to streamline processes and make your experience more efficient.
