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.
What is the Governmentwide commercial purchase card program?
(1) A Governmentwide commercial purchase card program is a program that is authorized pursuant to a delegation of contracting authority and designation as a DoD contracting activity for the purpose of streamlining the purchase and payment processes for supplies and services by use of a Government-issued purchase card.
Which of the Governmentwide commercial purchase card program’s mandatory oversight procedures is a?
5. Which of the Governmentwide Commercial Purchase card Program’s mandatory oversight procedures involves the Approving/Billing Official documenting findings and disciplinary category determinations? 6. Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement.
What are three advantages of using the Government commercial purchase card?
Overall, P-Cards provide a means for streamlining the procure-to-pay process, allowing organizations to procure goods and services in a timely manner, reduce transaction costs, track expenses, take advantage of supplier discounts, reduce or redirect staff in the purchasing and/or accounts payable departments, reduce or …
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.
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 …
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What are the advantages of using GPC?
What are the benefits of GPC to SME’s?
- Prompt payments in line with Government initiatives.
- Improved cash flow.
- Reduces bad debt and late payments.
- Reduced administrative costs.
Which of the following is a cardholder responsibility in the Governmentwide 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 is the PIEE module used to initiate?
JAM is the PIEE module used to initiate, review, approve, store and terminate required delegations of procurement authority and/or appointments.
When using government commercial purchase card which of the following 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.
What are two advantages of the procurement integrated enterprise?
Increasing visibility on all procurement stages. You can get access to the reports, documents, payments, workflows anytime. Data Security.
What is US Code 2784?
§2784. Management of purchase cards. (a) Management of Purchase Cards . -The Secretary of Defense shall prescribe regulations governing the use and control of all purchase cards and convenience checks that are issued to Department of Defense personnel for official use.
What is a cardholder statement of account?
what is the cardholder statement of account? A document reflecting all purchases and credits that have been posted to the CH’s account during a 30-day billing cycle.
What is the GPC single purchase limit?
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.
What are three examples of abuse of the Government commercial purchase card quizlet?
Terms in this set (23)
- Purchasing office supplies for home use.
- failing to certify “purchase card certification statements” on time.
- violating a specific-use policy.
What is the intentional use of the Government issued charge card?
Intentional use of the purchase card or convenience checks by a cardholder for other than official government business will be considered an attempt to commit fraud against the U.S. government and will result in immediate cancellation of the employee’s purchase card and/or convenience checks.
What are three examples of misuse?
What is drug misuse?
- Taking the incorrect dose.
- Taking the drug at the wrong time.
- Forgetting to take a dose.
- Stopping the use of a drug too soon.
- Taking a drug for reasons other than why they were prescribed.
- Taking a drug that was not prescribed to you.
What is the cardholder statement of account GPC?
What is the Cardholder Statement of Account? A document reflecting all purchases and credits that have been posted to the CH’s account during a 30-day billing cycle.
Is GSA a mandatory source?
How is GSA Global Supply referenced in the Federal Acquisition Regulation (FAR)? In FAR 8.002, Priorities for Use of Mandatory Government Sources, GSA Global Supply is identified as a wholesale supply source (v) and should be referenced as a priority when federal and military agencies are purchasing supplies.
Can the GPC be used for training?
DOD policy is to use the Government Purchase Card to make FMR-based Miscellaneous Payments for Training, Education and Professional Development services from non-Government sources.
Which of the following is a cardholder responsibility in the GPC program quizlet?
It is the cardholder’s responsibility to sign forms disputing and transactions made following the loss of a card.
When an account holder’s purchase account is about to expire he she should?
When an account holder’s purchase account is about to expire he/she should: Wait for the new account to arrive and destroy the old account once the new account is received and activated. The _________oversees the proper processing of invoices and ensures invoices are paid according to the Prompt Payment Act guidelines.
What is defined as a felonious act of corruption?
Fraud is any felonious act of corruption or attempt to cheat the Government or corrupt the Government’s agents. … The cardholder will be held personally liable to the Government for the amount of any non-government transaction.
How do you get PIEE?
Go to Procurement Integrated Enterprise Environment at https://wawf.eb.mil/ and accept the consent banner. New users will need to register, click on the register button in the top left hand corner, read the statement and click “Agree”.
What is jam in PIEE?
The Joint Appointment Module (JAM) is to provide functionality within PIEE to support appointments required for users who play a role in the management of their organization’s government purchase card program.
Did Wawf replace PIEE?
ECP1187 – “WAWF Suite Renaming”:
The purpose of this ECP is to change the current name Wide Area Workflow (WAWF) e-Business Suite to the new enterprise solution name Procurement Integrated Enterprise Environment (PIEE).
How do government purchase cards work?
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 is the current micro purchase threshold?
The micro-purchase threshold (MPT) is $10,000 (FAR case 2018-004 published on July 2, 2020, at 85 FR 40064).
What type of purchases are considered micro purchases?
Generally speaking, government purchases of individual items under $3,000.00 are considered micro- purchases. Such government buys do not require competitive bids or quotes and agencies can simply pay using a Government Purchase Card or credit card, without the involvement of a procurement officer.
What is the procurement integrated enterprise?
The Procurement Integrated Enterprise Environment (PIEE) is the DoD and federal one-stop-shop for procurement capabilities. The PIEE is home to Wide Area Workflow and Electronic Data Access (EDA), MyInvoice, and capabilities including: Single sign on/role-based access based on job series.
How many days does a cardholder have to dispute an unauthorized purchase card transaction?
You normally have 60 days from the date a charge appears on your credit card statement to dispute it. This time limit is established by the Fair Credit Billing Act, and it applies whether you’re disputing a fraudulent charge or a purchase that didn’t turn out as expected.
Do credit card statements show what you bought?
While credit card statements reveal the store you made purchases from, they don’t list the individual items you bought.
What is a Visa statement?
A credit card statement is a summary of how you’ve used your credit card for a billing period. … If you don’t, you may end up with more credit card debt than you can handle. It’s also important to read your credit card statement carefully to spot any unauthorized charges or billing errors.
What is internal control reviews GPC?
Effective internal controls over the GPC program are necessary to ensure that fraudulent, improper, and abusive purchases do not occur, and if such purchases do occur, the transactions are promptly detected and appropriate corrective action is taken.
How do you find micro purchase opportunities?
Small Business Opportunities in Micro Purchasing
- Accept the government-wide commercial purchase card. Purchase cards may be either a Visa or MasterCard. …
- Find out what federal agencies use the credit card for micro-purchases. Go to FPDS and register. …
- Find out what they are buying. …
- Visit their websites.
What are three authorized uses of the Governmentwide commercial 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.
Which of the Governmentwide commercial purchase card programs mandatory oversight procedures involves the approving?
5. Which of the Governmentwide Commercial Purchase card Program’s mandatory oversight procedures involves the Approving/Billing Official documenting findings and disciplinary category determinations? 6. Cardholders who hold an Ordering Officer delegation must follow Component procedures for order placement.
What must the cardholder do to become qualified to make Governmentwide commercial purchase card purchases up to 25000?
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.
What are three examples of misuse of government 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 cardholder responsibility in the Governmentwide 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 the advantages of using GPC?
What are the benefits of GPC to SME’s?
- Prompt payments in line with Government initiatives.
- Improved cash flow.
- Reduces bad debt and late payments.
- Reduced administrative costs.