CPSR - An Overview
CPSR - An Overview
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A CPSR requires an evaluation of your contractor’s purchasing system. Unless of course segregation of subcontracts is impracticable, this evaluation shall not include subcontracts awarded because of the contractor completely in help of Government contracts that are competitively awarded firm-fastened-cost, competitively awarded fixed-selling price with financial rate adjustment, or awarded for commercial supplies and commercial products and services pursuant to section 12.
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Navigating the maze of government contracting? Then, you’ll want to be up to the mark over the meaning of contractor purchasing system review (CPSR). It can be not merely An additional acronym to incorporate in your vocabulary; It is really an important compliance checkpoint that could make or crack your next contract.
. The Contractor shall set up and manage an acceptable purchasing system. Failure to take care of an appropriate purchasing system, as defined During this clause, may possibly result in disapproval with the system because of the Contracting Officer and/or withholding of payments.
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(a) The contracting officer’s consent to a subcontract or acceptance in the contractor’s purchasing system doesn't represent a dedication of the acceptability with the subcontract terms or selling price, or on the allowability of expenses, Until the consent or acceptance specifies normally.
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Let's review what a CPSR is, and take a look at a CPSR compliance checklist to obtain you on the ideal route!
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