A Governmentwide commercial purchase card charge authorizes the third party (e.g., financial institution) that issued the purchase card to make immediate payment to the contractor . The Government reimburses the third party at a later date for the third party’s payment to the contractor.
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 is the Governmentwide commercial purchase card?
Government-wide Commercial Purchase Card – The Purchase Card is used as a simple method to spend funds in the acquisition of goods and services . It is similar in nature to a commercial credit card and is issued to authorized agency personnel. The card is distinct from the Government Travel Card.
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 must the cardholder do to become qualified to make Governmentwide commercial purchase card purchases up to $25000 outside of the United States?
In order to use the Governmentwide Commercial Purchase Card for simplified acquisitions up to $25,000 outside the United States and its jurisdictions, the Cardholder, merchant, and supply delivery/service execution must all be outside the United States and its jurisdictions.
When using a government commercial purchase card what is a prohibited purchase?
5.04 Prohibited Purchases The purchase card must not be used for the following: • Long-term rental or lease of land or buildings of any type. Purchases of travel (airline, bus, boat, or train tickets) or travel-related expenses . Cash advances. ... Purchases of firearms, ammunitions, and firearms parts.
What must be included in supporting documentation for all GPC transactions?
Cardholders are responsible for maintaining proper documentation regarding the GPC, such as: Written requests, ● Funding availability, ● Purchase log, ● Local purchase authority, and ● Property book procedures as appropriate.
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 ...
Which of the following is a card holder responsibility in the government wide commercial purchase card program?
The Cardholder is responsible for the following: 1. Completing all required training prior to being issued a Purchase Card . 2. Purchasing goods or services in accordance with established Department policy, procurement regulations, and individual internal office procedures.
What are three pieces of information that should be included in the cardholder purchase log?
Bids must include the vendor or catalog name, catalog page number (if applicable), product number, and item price . Cardholders must maintain a file for bid information and Sole Source Justification statements for audit purposes. Each log entry is composed of one line with six data fields applicable to an order.
What is the limit on a government purchase card?
Maximum GPC purchase limit $25,000.00 per purchase .
Is government purchase card a credit card?
A U.S. government purchase card is an internationally accepted credit card issued by individual contractors and available to personnel in all federal agencies under a single General Services Administration (GSA) contract.
Is the co required to pursue a waiver?
Answer 10/23/2020: Contractors do not need to request a waiver .
Who is responsible for making regular reviews of existing cardholders?
SUPERVISORS -must make regular reviews of existing cardholders and their monthly spending limits to insure that the monthly spending limits are appropriate for the expected purchasing activity. #1.
What are the advantages of using the GPC?
The GPC eliminates the requirement to set up ad-hoc/infrequent suppliers on the Finance System and the eProcurement System (Pecos). Cardholders are able to place orders directly with suppliers. The goods are delivered directly to the identified recipient.
What is the first step to follow when a cardholder becomes aware?
what is the first step to follow when a cardholder becomes aware of a lost or stolen card or check? Determine when and where the card/checks were last used.
