What should a cardholder consider before making a significant purchase?

Evaluating the need, price reasonableness, and obtaining necessary approvals before making a significant purchase is crucial in the context of the DoD Government Purchase Card program. It ensures that the acquisition is justified based on actual needs, thus preventing unnecessary spending and aligning expenditures with mission requirements.

Price reasonableness is particularly important because it helps ensure that the cardholder is obtaining fair market value for the items or services needed and complies with regulatory requirements to ensure fiscal responsibility. Obtaining necessary approvals guarantees that the purchase aligns with any organizational policies and thresholds for spending, which can vary based on the nature of the purchase and the unit's specific guidelines.

This comprehensive approach not only safeguards against potential misuse of funds but also promotes accountability and transparency within the procurement process. By considering these factors, cardholders can make informed decisions and adhere to the established regulations governing government purchases.