GSA-SmartPay Purchase Cards may be used to purchase or make payments against a wide variety of goods and services.
Any purchase of $3,000 or less is called a "micro-purchase." Subject to any special policies within their agency or organization, the cardholder can use the Purchase Card to pay for almost any kind of acquisition - ranging from tangible goods like office supplies to services such as consulting or construction. These purchases may be made in the open market.
In addition, the Purchase Card may be used as a payment method for established contracts. When used in this manner, the amount per transaction can be quite large. As an example, in some agencies the Purchase Card is the payment mechanism for major contracts and purchase agreements between agencies and key suppliers.
However, the greater the value of the Purchase Card transaction, the more important it is that Level-3 line item detail information be supplied. Level-3 line item detail information helps the agency accurately manage its transactions with the least amount of costly manual intervention.
|