What are GPC transactions?
The monthly reports below details payments made on a GPC (Government Procurement Card). GPCs are used for low value goods or services where convenient eg website purchases, travel, accommodation, subsistence and general equipment etc.
What can you buy with a GPC?
2. The GPC is used to purchase supplies and services per the Federal Acquisition Regulation (FAR). Purchase Cards are used as the procurement method for micro- purchases as defined in FAR 13.2. The Micro-Purchase Thresholds are: $10,000 for supplies/equipment; $2,500 for services; and $2,000 for construction.
When using a GPC card which is a prohibited purchase?
GPC Prohibitions General prohibitions include: Split Purchases. Payment for unauthorized commitments, unless the files are properly annotated and approval for payment is properly documented in accordance with FAR 1.602-3. Items purchased for other than official use.
What are three examples of abuse of the government wide commercial 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 …
How does a GPC card work?
The GPC is a Visa Purchasing Charge Card which works like a normal credit card. However, as it is a charge card we make full payment each month for all transactions.. Cardholders can use it to make purchases of goods/services up to certain financial limits per transactions and overall per month.
What is the purpose of a GPC card?
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 can I buy with a government purchase card?
The Governmentwide purchase card may be used to (1) Make micro-purchases; (2) Place a task or delivery order (if authorized in the basic contract, basic ordering agreement, or blanket purchase agreement; or (3) Make payments, when the contractor agrees to accept payment by the card.
What are three examples of abuse of the GPC card?
What are three authorized uses of the GPC card?
What is the single purchase limit for GPC?
$25,000.00 per purchase
Maximum GPC purchase limit $25,000.00 per purchase.
What is the GPC single purchase limit?
Key Thresholds: Recurring Services SPL $2,500.00 per fiscal year. Non-recurring Services SPL $2,500.00 per requirement. Construction SPL $2,000.00 per project. Maximum GPC purchase limit $25,000.00 per purchase.
What does GPC stand for in card?
GPC stands for Government Purchase Card (also Gel Permeation Chromatography and 423 more)
What can you purchase with a government purchase card?
The Government-wide Purchase Card is used to purchase supplies and services in accordance with the Federal Acquisition Regulation (FAR).
What regulation covers government purchase cards?
Section 13.301 of the Federal Acquisition Regulations (FAR) authorizes the use of a Governmentwide purchase card for making and/or paying for purchases of supplies, services, or construction.
What is the intent of the GPC card?
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.