Analysis: 35% of college food invoices have overcharges

Analysis: 35% of college food invoices have overcharges

Typical overcharges amount to about 1.5% of the total dollar amount of each invoice but can often also be in excess of 10% when analyzing one subset of spend, the analysis found.

Over a third of the invoices received by colleges and universities from their foodservice distributors contain at least one overcharge according to an analysis by audit firm Buyers Edge. The company, which processes $3 billion in invoices from 350 distributors annually, looked at $6 million in individual invoices for college/university foodservice operations in 2015 and found that there was at least one overcharge on 35 percent of them.

Some were only a few pennies but others, e

Register to view the full article

Please register to access this content.

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish