Pentagon Wants to Raise Purchase Card Maximum to $10,000

The Pentagon wants to accelerate procurements by raising the “micro-purchase threshold” for using a government credit card from the current $3,000 maximum to $10,000 as part of the fiscal 2017 Defense authorization act.

The proposed language, first reported by the nonprofit Project on Government Oversight, would also require the Office of Management and Budget to update its guidance to help ensure that agencies follow “sound acquisition practices when using the government purchase card” and “maintain internal controls that reduce the risk of fraud, waste and abuse.”

Continue reading: http://www.govexec.com/contracting/2016/05/pentagon-wants-raise-purchase-card-maximum-10000/127965/