What must the cardholder do to become qualified to make Governmentwide commercial purchase card purchases up to 25000 outside of the US and its jurisdictions?

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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 must a transaction be disputed for charges not made by the cardholder?

If the cardholder did not make transactions appearing on the cardholder statement, the cardholder must submit a dispute form to the bank within 90 days from the date the transaction was processed . Failure to submit the dispute form and/or affidavit could result in liability to the government .

What is the government purchase card threshold?

Government Purchase Card (GPC) Frequently Asked Questions (FAQs)

Which three of the following are cardholders considerations before purchase?

Which three of the following are cardholder considerations before purchase?

• Determine if any special approvals or requirements are needed. These may include mandatory sources of an item.
• Obtain approval from the Agency/Organisation Program Coordinator.
• Ensure adequate funds are available.

What is the GPC single purchase limit?

$25,000.00 per purchase
Maximum GPC purchase limit $25,000.00 per purchase.

What documentation is acceptable for 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.

How many days does a cardholder have to dispute an unauthorized purchase card transaction?

60 days
Federal law only protects cardholders for a limited time — 60 days to be exact — after a fraudulent or incorrect charge has been made. Thankfully I noticed the billing error within a few days of it posting to my account and started the dispute process right away.

How does a Government purchase card work?

It is distinctively designed and marked “For Official Government Use Only.” The purchase card allows cardholders to purchase goods and services authorized by Federal procurement regulations and OPM policies and procedures. In certain limited circumstances, convenience checks may be used instead of the purchase card.

What is an unauthorized commitment?

Unauthorized commitment, as used in this subsection, means an agreement that is not binding solely because the Government representative who made it lacked the authority to enter into that agreement on behalf of the Government.

What are three authorized uses of the government 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.

When using a 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.

Related

21. In step 10 of the Governmentwide Commercial Purchase Card Program, what

are three pieces of information that should be included in the Cardholder

Purchase Log? Answer- a. Name of the requestor

b. Date on which the item/service was ordered

c. Total dollar value of the transaction

22. Whose responsibility is it to comply with Government agency Standards of

Conduct? (Select the three that apply.) Answer- a. Supervisor

b. Agency/Organization Program Coordinator

Approving/Billing Officer

23. Frustrated freight may never reach the intended recipient Answer- True

24. Failure to certify a Managing Account Billing Statement is a timely manner results

in what three things? Answer- a. Interest penalties

b. Automatic suspension of accounts

c. Disruption to Government purchases

25. Which three of the following describe the Governmentwide Commercial Purchase

Card? Answer- a. Similar in nature to a commercial credit card

b. Reduced invoicing costs

c. Used to make mission-essential purchases

26. You use your Governmentwide Commercial Purchase Card to purchase a case

of envelopes from a merchant. When you get back to the office, you realize that

the envelope size will not meet the requirement, so you return the item to the

merchant. Which of the following are you authorized to accept? Answer- Credit to

your Cardholder account

27. According to 10 United States Code 2784, which two of the following could result

from a Governmentwide Commercial Purchase Card Program violation. Answer-

a. Adverse personnel actions

b. Recovery of cost from Governmentwide Commercial Purchase Card officials

28. Cardholders who have been formally granted the appropriate authority in their

Letter of Delegation may use the Governmentwide Commercial Purchase Card to

make Simplified acquisitions up to $25,000 outside the United States and its

jurisdictions Answer- True

29. The Governmentwide Commercial Purchase Card ___ used as the method of

payment for commercial training requests using the SF-182, valued at or below

$25,000, in lieu of an employee reimbursement by miscellaneous payment.

Answer- Must be

30. What are three advantages of using the Governmentwide Commercial Purchase

Card? Answer- a. Enables the Government to earn refunds