Amount-Based Open Purchase Order

We want to set up an open purchase order with the local hardware store and I'm trying to determine the best way to do this in X3.

Specifically, I want this to be amount-based, not quantity-based.

Let's say $1000.00 for a 3 month period using a Miscellaneous, non-stock "MISC-SUPPLIES" item. I don't care how many items they buy, what they buy, or how many times they make a purchase during that period of time.  I only want to control the spend amount during this period.  

The Purchasing > Open Orders functionality looks to be more for inventory items where we know item, qty, and price.

Does anyone have guidance (and maybe a screenshot or five)?

Glen