Facts About Contractor Purchasing System Review Revealed
Facts About Contractor Purchasing System Review Revealed
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The objective of a contractor purchasing system review (CPSR) is To judge the performance and performance with which the contractor spends Authorities money and complies with Government coverage when subcontracting.
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(a) The ACO shall decide the need for any CPSR depending on, but not restricted to, the previous performance from the contractor, and the quantity, complexity and dollar value of subcontracts. If a contractor’s product sales to the Government (excluding competitively awarded firm-set-value and competitively awarded set-value with economic selling price adjustment contracts and gross sales of commercial provides and industrial solutions pursuant to aspect twelve) are expected to exceed $25 million in the course of the up coming twelve months, perform a review to find out if a CPSR is necessary.
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Manage subcontract surveillance to be sure well timed shipping and delivery and procedures to inform the government of opportunity subcontract challenges that could impression delivery, amount, or selling price
(a) Also review the adequacy of rationale documenting industrial products or business company determinations to ensure compliance Using the definition of “professional solution” or “professional services” in FAR 2.a hundred and one.
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Contracting Officers use the information to guarantee contractors' compliance with Government policy when subcontracting.
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