What is the micro purchase threshold of a government purchase card?

$10,000
GPC Overseas Simplified Acquisition Cardholders reaching back to vendors in the United States are limited to the applicable micro-purchase threshold (generally $10,000, but see FAQ number 2 above).

What is the government purchase card used for?

The Government Purchase Card (GPC) mission is to streamline payment procedures and reduce the administrative burden associated with purchasing supplies and services. The GPC provides “on the spot” purchasing, receiving, and payment authority for individuals other than contracting or purchasing officers.

What are three examples of abuse of the government purchase card?

Examples of misuse include: (1) purchases that exceed the cardholder’s limit; (2) purchases not authorized by the agency; (3) purchases for which no funding exists; (4) purchases for personal consumption; (5) purchases that do not comply with the Federal Acquisition Regulation (FAR) and/or other applicable procurement …

What is the single purchase limit for GPC?

$3,000.00
Micro Purchase Limit/Single Purchase Limit (SPL) $3,000.00 per purchase. Recurring Services SPL $2,500.00 per fiscal year.

What documentation is acceptable for GPC transactions?

Written independent receipt and acceptance is proof of delivery documented by someone other than the CH or A/BO. Other specific circumstances for which Components elect to require independent receipt and acceptance. Detailed invoices and detailed receipts are acceptable documentation for GPC transactions.

What are three advantages of using the GPC?

Using Government wide Commercial Purchase Card has advantages such as they earn refunds, increased information and quicker payments.

What are three examples of abuse of the GCPC?

Purchases made by individuals other than the authorized cardholder. Purchases by individuals not trained. Making purchases and returning them to the merchant for cash or merchant credit slips (credit must be issued against same card on which purchase was made).

What are the advantages of using a GPC?

What are the benefits of GPC to SME’s?

• Prompt payments in line with Government initiatives.
• Improved cash flow.
• Reduces bad debt and late payments.
• Reduced administrative costs.

  Which is correct micro purchase or micro purchase?

  A Micro-purchase is the purchase of supplies or services, the cost of which does not exceed the micro-purchase threshold of $3500.

  How to not present a micro-purchase statement?

  not present Micro-purchase statement T False A A Micro-purchase is the purchase T The Information and Communication S Section 508 requirements only ap A As a requiring official, or Go Y

  What are the prohibitions of using a GPC card?

  Other GPC prohibitions include: •Purchases made by individuals other than the authorized cardholder. •Purchases by individuals not trained. •Making purchases and returning them to the merchant for cash or merchant credit slips (credit must be issued against same card on which purchase was made).

  What is the micro purchase threshold for DFAR?

  As defined in the FAR Subpart 13.2, a micro-purchase is an acquisition of supplies or services using simplified acquisition procedures, the aggregate amount of which does not exceed the micro-purchase threshold. The micro-purchase threshold is $3,500 (users of the DFAR have a micro-purchase threshold of $5,000).