Contractor Purchasing System Review Fundamentals Explained
Contractor Purchasing System Review Fundamentals Explained
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(a) The ACO shall identify the need for the CPSR determined by, but not limited to, the previous general performance with the contractor, and the amount, complexity and greenback value of subcontracts. If a contractor's product sales to the Government (excluding competitively awarded company-fastened-price and competitively awarded fixed-price with economic price tag adjustment contracts and sales of business merchandise and professional companies pursuant to part twelve) are expected to exceed $25 million through the next 12 months, carry out a review to find out if a CPSR is necessary.
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The executive contracting officer (ACO) is only answerable for initiating reviews from the contractor's purchasing systems, but other companies could ask for that the ACO initiate this kind of reviews.
The notification shall detect the revised price of the subcontract effort and shall involve verification that the Contractor will give extra price; or
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