Georgia Tech Procurement Card Request Form This form must be: Fill out & sign online

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What is the single purchase limit for a government purchase card?

1-7. Micro-purchase Thresholds (MPT) DoD Micro-purchase ThresholdsFunctionThreshold1Federal-Wide Open Market$10,0002Construction subject to 40 USC Chapter 31, subchapter IV, Davis-Bacon Wage Rate Requirements$2,0003Services subject to 41 USC Chapter 67, Service Contract Labor Standards$2,5006 more rows

What is the purchasing card policy in Georgia?

The P-Card and related accounts can be used for official purchases of supplies, materials, equipment, or services, where not otherwise prohibited or restricted. All purchases must be within assigned spending limits unless prior, written approval is received to exceed these limits.

What is the limit on procurement cards?

The default monthly limit per card is $15,000.00. Single purchases cannot be divided to circumvent the $4,500 limit per transaction. This type of process is called a split transaction and could lead to sanctions.

How does a purchasing card work?

The employee makes a request through their p-card software. This includes the vendor, price, and reason for purchasing. Their manager gets a notification, and has all the information they need without leaving their desk. The manager approves, and the employee now has access to the funds.

What is a procurement card process?

Procurement Card or P-Cards Explained Procurement cards or purchasing cards allow employees to make smaller purchases without having to route each purchase through the formal accounts payable process.

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