. The Contractor shall establish and preserve a suitable purchasing system. Failure to take care of an appropriate purchasing system, as described With this clause, might result in disapproval of the system via the Contracting Officer and/or withholding of payments.Protection and civilian company contractors need to have to grasp the hazards linked
Defining the wide definition of “subcontracts” for applications of your contractor purchasing systems,Remain knowledgeable with Aprio. Get industry news and top insights sent straight to your inbox.Be certain that suitable kinds of subcontracts are picked, and that there are controls around subcontracting, which includes oversight and surveilla
Notify the government from the award of all subcontracts that comprise movement-down clauses that enable for government audit of subcontracts, and make sure the overall performance of audits of those subcontracts(A) The contractor’s purchasing system is acceptable and authorized, and no content weaknesses remain; orBuild and preserve selection pr