Procurement Policies and Procedures
Professional fees are payments to speakers, consultants, experts, etc. made payable to the individual or the company for performing such services. If the professional fee plus expenses is for more than $10,000, a requisition must be processed in buyWays. Account 7004 should be used for the professional fee and account 7039 for travel expenses with appropriate supporting documentation.
Refer to the “Foreign Vendors” section if payment is for a foreign vendor. Refer to the “Honorariums” section for assistance in distinguishing between professional fees and honorariums.