Governmentwide Commercial Purchase Card Program.
Abstract
The General Services Administration (GSA) awarded a contract for a Governmentwide Commercial Credit Card Service to Rocky Mountain BankCard System, Inc. (RMBCS). The contract provides, at the request of Federal ordering agencies, Governmentwide commercial purchase cards and associated services for civilian and military Government employees to make purchases for official Government use. The policy of NRaD is to use the Governmentwide Commercial Purchase Card for purchases under $2,500. The Purchase Branch, Code 02221, shall manage the Governmentwide Commercial Purchase Card Service on all operating units to ensure that all transactions comply with these procedures, NAVSUPINST 4200.91 series, and any other applicable internal regulations. Under the Acquisition Reform Act of 1994, a micro-purchase is an acquisition of commercially- available supplies, the aggregate amount of which does not exceed $2,500. Providing the Governmentwide Commercial Purchase Card to agencies simplifies the small purchasing process and improves cash management practices. The Credit Card achieves this in the following ways: * Within existing Federal Acquisition Regulations (FAR), streamlines payment procedures and reduces administrative costs for acquisition of supplies under $2,500. NRaD limitation per transaction is $2,500. * Improves Government cash management practices (e.g., forecasting, consolidating payments, reducing imprest fund, etc.). * Provides procedural checks and feedback to improve management controls and decision making.
Document Details
- Document Type
- Technical Report
- Publication Date
- Feb 01, 1995
- Accession Number
- ADA310320
Entities
Organizations
- Naval Command, Control and Ocean Surveillance Center