What must occur prior to a GPC purchase exceeding the micro-purchase threshold?

Before making a GPC purchase that exceeds the micro-purchase threshold, it is essential to develop a procurement strategy that adheres to established guidelines. This requirement ensures that the purchase is justifiable, aligns with government regulations, and that necessary oversight is maintained. The procurement strategy involves planning for the acquisition, considering different procurement methods, evaluating market conditions, and ensuring that the selected approach represents the best value for the government.

Purchases over the micro-purchase threshold typically require more formalized processes compared to smaller acquisitions. This involves documentation, obtaining quotes, and possibly utilizing competitive methods to ensure fairness and compliance with federal acquisition regulations. This process helps mitigate risks, manage funds appropriately, and ensures accountability for the use of government resources.