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GPC Purchasing Card Procedures Manual GPC Home Georgia Form
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People also ask
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What is the current micro purchase threshold for 2024?
Micropurchase Thresholds The micropurchase threshold has been increased up to $50,000. 2 CFR Section 200.320(a)(iv) provides that program operators do not need to obtain prior approval from the California Department of Education (CDE) to change their micropurchase threshold from $10,000 to $50,000.
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What is the single purchase limit for GPC?
The GPC may be used to purchase services from $2,500 to $25,000 in rare instances. The cardholder must contact the contracting office to determine if service needed can be purchased with a GPC, or must be procured by a Form 9. Any construction, alteration, or repair to real property.
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What is the single purchase limit?
Single Purchase Limit means the maximum spending (dollar) limit a purchase cardholder is authorized to charge in a single transaction.
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How to get a Government purchase card?
How do I get a Government purchase card? An employee must first be nominated by their first level supervisor or appropriate senior official to become a purchase card cardholder. Upon nomination, the employee must complete the DHS online purchase card training before they receive final cardholder approval.
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What is a GPC purchase?
GPCs are the preferred payment method for micro-purchases, which are purchases of $10,000 or less. The Government Purchase Card (GPC) mission is to streamline payment procedures and reduce the administrative burden associated with purchasing supplies and services.
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What is the monthly purchase limit for gsa?
The inter-governmental transaction card limit is $9,999.99, meaning no individual card transaction can exceed this limit. The maximum daily limit from a single payor is $24,999.99. Total monthly transactions, based on a 30 day rolling period, from a single payor can be no more than $100,000.00.
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What is the purchase limit for GPC card?
The Government purchase card is the preferred procurement and payment method for micro-purchases (purchases $10,000 and below) of goods and services. It streamlines the purchasing process by eliminating the need for numerous purchase orders and payments.
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What are the rules for the Government purchase card?
No one other than the authorized cardholder may use the card. All purchases must be proper, legal, reasonable, and satisfy a bona fide need of the Government. Intentional misuse of the card can result in disciplinary action, including card revocation, loss of job, fines, and jail time.
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