THE 2-MINUTE RULE FOR CONTRACTOR PURCHASING SYSTEM REVIEW

. The Contractor shall build and manage an appropriate purchasing system. Failure to take care of an acceptable purchasing system, as described On this clause, may lead to disapproval on the system with the Contracting Officer and/or withholding of payments.Usually, a CPSR just isn't carried out for a particular contract. Rather, CPSRs are conducte

(iii) Waives the contractual need for consent to subcontracts in preset-rate contracts and for specified subcontracts in Value-reimbursement contracts but not for those subcontracts, if any, selected for special surveillance and recognized in the agreement Schedule; and(a) The cognizant administrative contracting officer (ACO) is to blame for conse