Micro-Purchases on a Credit Card– A Business Opportunity?
According to the Small Business Administration (SBA), about 70 percent of all federal procurement transactions are for routine, lower value products/services known as micro-purchases. On August 31st, 2020 the Federal Acquisition Regulation (FAR) was officially updated to reflect the new, federal “micro-purchase threshold” of $10,000. Micro-purchases can be made on a government purchase card (GPC) … Read more