Glossary of Terms
- Brody Smith (Unlicensed)
Owned by Brody Smith (Unlicensed)
| Term | Description |
|---|---|
| Business Area | an operational unit within one of the organisations involved in the Government Procurement Card scheme |
| Card | A Government Procurement Card issued under the terms of the Scottish Government Departmental GPC Agreement with Royal Bank of Scotland |
| Card Controller | an individual within Procurement who is responsible for monitoring and reporting on the use of the RoS GPC & Corporate Card and reporting to the Crad Executive and Audit. |
| Card Officer | an individual within each Business Area who is responsible for verifying cardholder transactions and authorising the cardholders spend |
| Cardholder | a person who has been nominated for this purpose by their organisation and to whom a card is issued |
| Credit Limit | the maximum VAT-exclusive expenditure by an individual cardholder over a monthly period |
| GPC | Government Procurement Card |
| Smartdata | online reconciliation tool to view all GPC transactions |
| Statement | details monthly transactions made by the cardholder which requires payment in full within 14 days, otherwise known as the invoice |
| Summary Statement | received by the Card Controller and details all Cardholders total spend, to be processed for payment within 5 working days |
| Transaction Limit | the maximum permitted expenditure on a single Card transaction - currently £600 including VAT. If spend exceeds this total then quotes may be requested. |