Government Purchase Card (GPC) is an indispensable financial tool employed by U.S. Government agencies to streamline procurement processes. Developed with an aim to simplify acquisition procedures, it comes into play when mission-critical supplies or services need to be sourced and the total cost does not exceed micro-purchase thresholds. Essentially, it is a charge card issued to chosen government employees who are authorized to make these crucial purchases on behalf of their respective agencies.
GPC system is designed to reduce paperwork, expedite the procurement process, and allow timely payments to suppliers. By doing so, it helps increase operational efficiency, contributes to cost reduction, and ensures timely delivery of goods and services. However, it is crucial to note that GPC is not for unrestricted use. It is governed by strict rules and regulations detailed in Federal Acquisition Regulation (FAR) and the agency’s supplemental regulations to prevent fraudulent or non-compliant purchases. The cardholders are trained and trusted officials who are held accountable for their purchases and are required to act in the best interest of their agency and the government.
