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Policies Related to P-Card
Definitions
Policy Limits
Roles & Responsibilities
Misc
100
We will conduct our business with honesty and integrity
What is CPS-001 Ethics and Business Conduct
100
The bank or financial institution that provides the P-Card to Lockheed Martin.
What is Card Provider
100
$3,500.00
What is Direct Limit
100
Create a reconciliation package for manager review
What is P-Card Holder
100
Dori Huemoeller & Jack Cole
What is LM's US Bank Relationship Managers
200
All Lockheed Martin business transactions and relationships must be free from even the perception that favorable treatment is being sought.
What is (CPS-008) Gifts, Gratuities, and Other Business Courtesies
200
Purchases for which the costs are not directly charged to a U.S. Government contract.
What is Indirect
200
$99,999.00
What is Indirect release against an agreement
200
Primary oversight of the employee's use of the P-Card
What is Manager
200
Purchases that require inspection, special processes, or quality certifications
What is Restricted Purchases
300
It is Lockheed Martin policy to empower certain employees to make commitments in fulfillment of its business obligations.
What is (CRX-006) Delegations of Authority
300
The vehicle empowering designated employees to make commitments in fulfillment of Lockheed Martin's business obligations
What is Delegation of Authority (DOA)
300
$0.00
What is A non-PCard Holder
300
Ensure monthly reconciliations are completed.
What is P-Card Admin
300
Use of the P-Card for purchases that are not compliant with this procedure
What is Employee Misuse of P-Card
400
It is our policy to provide the best value systems, components, and services obtainable to our customers.
What is (CPS-113) Acquisition of Goods and Services
400
Purchases for which the costs are directly charged to a U.S. Government contract
What is Direct
400
$9,999.00
What is Direct release against an agreement (non part specific)
400
Oversee the implementation of CRX-156
What is GSCO
400
Equipment breakdown which could jeopardize personnel safety, result in plant closure, or cause production line stoppage
What is Emergency P-Card Purchase
500
Lockheed Martin Corporation will conduct every international business transaction with integrity, regardless of differing local manners and traditions
What is CPS-730) Compliance with the Anti-Corruption Laws
500
Employee responsible for the implementation, monitoring, and enforcement of an element's P-Card program.
What is P-Card Administrator
500
$24,999.00
What is Indirect
500
Serve as Lockheed Martin's primary relationship and financial contact with the card provider
What is Corporate Treasury
500
Total Pcard rebates paid to Lockheed Martin by US Bank
What is $8.5M