The target of the contractor purchasing system review (CPSR) is To guage the efficiency and success with which the contractor spends Federal government funds and complies with Government policy when subcontracting.
Notify The federal government of your award of all subcontracts that incorporate circulation-down clauses that allow for presidency audit of subcontracts, and make sure the general performance of audits of those subcontracts
The Contractor shall establish and maintain an acceptable purchasing system. Failure to take care of an appropriate purchasing system, as described in this clause, may well end in disapproval on the system by the Contracting Officer and/or withholding of payments.
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As mentioned higher than, the objective of a CPSR is to ensure that a contractor’s purchasing system works making sure that the contractor spends governing administration cash in accordance Along with the Federal Acquisition Regulation (Considerably).
The cognizant ACO is to blame for granting, withholding, or withdrawing approval of the contractor's purchasing system. The ACO shall—
(three) Subcontracts are proposed for award on the non-aggressive basis, at prices that seem unreasonable, or at prices greater than those available to the Government in similar conditions; or
DoD is issuing a final rule amending the Defense Federal Acquisition Regulation Nutritional supplement (DFARS) to establish a DoD contractor purchasing system review greenback threshold that gives a regulatory basis for allowing DoD staff to assist other important priorities and missions of increased contractual hazard, whilst more here minimizing regulatory effect on contractors.
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