. The Contractor shall build and maintain an appropriate purchasing system. Failure to keep up an appropriate purchasing system, as outlined With this clause, might lead to disapproval on the system with the Contracting Officer and/or withholding of payments.
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(a) Approve a purchasing system only following identifying that the contractor’s purchasing procedures and procedures are productive and provide suitable defense of The federal government’s pursuits; and
The ACO shall distribute copies of CPSR studies; notifications granting, withholding, or withdrawing system acceptance; and Federal government suggestions for advancement of the accredited system, such as the contractor's response, to a minimum of—
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244-7001, the government will withhold a part of long run payments to the contractor until finally the deficiency is corrected. Observe that such withholding only applies to CAS covered contracts.
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You could have faith in the precision of the data you happen to be providing for the CPSR workforce, in addition to give experiences with all of the wanted traceability.
(iii) Waives the contractual requirement for consent to subcontracts in fastened-value contracts and for specified subcontracts in Price tag-reimbursement contracts although not for the people subcontracts, if any, selected for Distinctive surveillance and recognized during the deal Plan; and
The Contractor shall establish and retain a suitable purchasing system. Failure to maintain an acceptable purchasing system, as defined In this particular clause, may well result in disapproval of your system through the Contracting Officer and/or withholding of payments.
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Study CPSR audit methods and what contractors can count on throughout a procurement system review, and what can bring about a CPSR and who completes the review.