What is the micro-purchase threshold limit for the GPC?

What is the micro-purchase threshold limit for the GPC?

• A. $5,000
• B. $10,000, but it can vary based on specific circumstances
• C. $25,000
• D. $50,000

Answer: (B)

The micro-purchase threshold limit for the GPC is indeed a fluid amount, which can vary based on specific circumstances. This is essential in understanding the flexibility of the GPC program to accommodate different needs and regulations. The micro-purchase threshold allows government cardholders to make small purchases with less bureaucratic oversight, facilitating quick acquisitions. In general, the micro-purchase threshold is often cited at $10,000 for most purchases, but it can be adjusted in certain scenarios such as different types of procurement, specific agency regulations, or under particular economic conditions. This adaptability ensures that the GPC program can respond efficiently to routine and emergent requirements while still adhering to fiscal responsibility and compliance directives. Knowing the specifics about the threshold allows cardholders to navigate purchasing decisions effectively and to remain compliant with procurement regulations, ultimately ensuring responsible usage of government funds.

The micro-purchase threshold limit for the GPC is indeed a fluid amount, which can vary based on specific circumstances. This is essential in understanding the flexibility of the GPC program to accommodate different needs and regulations. The micro-purchase threshold allows government cardholders to make small purchases with less bureaucratic oversight, facilitating quick acquisitions.

In general, the micro-purchase threshold is often cited at $10,000 for most purchases, but it can be adjusted in certain scenarios such as different types of procurement, specific agency regulations, or under particular economic conditions. This adaptability ensures that the GPC program can respond efficiently to routine and emergent requirements while still adhering to fiscal responsibility and compliance directives.

Knowing the specifics about the threshold allows cardholders to navigate purchasing decisions effectively and to remain compliant with procurement regulations, ultimately ensuring responsible usage of government funds.