The Government Procurement Card (GPC) was introduced in Land Registry in 1999. It is a charge card that allows cardholders to place and pay for orders without going through the traditional intensive order and payment process. Because it is not a credit card, the balance must be repaid every month. The GPC is Land Registry’s preferred purchasing and payment method for appropriate low value transactions, where the processing costs are often disproportionate to the value of the goods or services concerned. Where it cannot be used, purchase orders are processed though our Business Information System. Accounts Payable in Finance Group pays and reconciles all GPC expenditure in line with government accounting regulations. The GPC is embossed with the cardholder’s name but the account is in Land Registry’s name. GPC use for low-value purchasing is a procurement strategy mandated by the Treasury, the Office of Government Commerce and the National Audit Office. It is a key component in meeting Land Registry’s payment performance key performance indicator. Use of the GPC allows the purchasing procedure to be streamlined in line with other Land Registry policies, enabling greater processing efficiency and control. |
