CPSR - An Overview
CPSR - An Overview
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(i) The contracting officer shall review all conclusions and suggestions and, if there are no substance weaknesses, shall promptly notify the contractor that the contractor's purchasing system is acceptable and permitted; or
Unlike most regulatory specifications, There's not a established greenback threshold that needs a contractor to put into practice an accepted purchasing system. Rather, Should the contractor’s product sales to the Government (excluding competitively awarded business fixed price and commercial contracts for each Significantly Section 12) are expected to exceed $twenty five million in another 12 months, the ACO shall conduct a hazard evaluation to find out if a CPSR is necessary (Make sure you Be aware, the Department of Protection (DoD) works by using a $fifty million threshold).
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In these instances, the agreement administration Place of work ought to assist the contracting Workplace in its evaluation as asked for.
We’re on top of things on what a CPSR appears like. Now, Permit’s dive deeper into ensuring your CPSR is An effective a person.
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The executive contracting officer (ACO) is exclusively accountable for initiating reviews with the contractor's purchasing systems, but other companies might request which the ACO initiate these kinds of try these out reviews.
(a) The ACO shall withhold or withdraw acceptance of a contractor’s purchasing system when there are actually key weaknesses or in the event the contractor is not able to supply enough info upon which to help make an affirmative resolve.
(1) Identify the acceptability with the contractor's purchasing system and approve or disapprove the system; and
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