What Does CPSR Mean?
What Does CPSR Mean?
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(i) The contracting officer shall review all findings and proposals and, if there isn't any substance weaknesses, shall immediately notify the contractor that the contractor's purchasing system is acceptable and accepted; or
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The objective of a contractor purchasing system review (CPSR) is to evaluate the performance and usefulness with which the contractor spends Govt resources and complies with Govt policy when subcontracting.
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Make sure suitable types of subcontracts are chosen, and there are controls about subcontracting, like oversight and surveillance of subcontracted hard work
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(iii) Working with additional Price Examination tactics to find out the reasonableness of the associated fee things influenced because of the deficiency;
Contractors simply cannot initiate a CPSR on their own. Fairly, at the time a contractor’s product sales to the government—excluding competitively awarded organization-fixed-cost and stuck-price with economic value adjustment contracts and income of economic merchandise pursuant to Considerably Component 12—are envisioned to exceed $fifty million in the following 12 months, the ACO is required by regulation to conduct a threat assessment.