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(i) The contracting officer shall review all results and recommendations and, if there are no product weaknesses, shall instantly notify the contractor that the contractor's purchasing system is suitable and accredited; or
(b) In Extraordinary instances, consent to specific subcontracts or courses of subcontracts could be needed While the contractor's purchasing system continues to be accredited. The system acceptance notification shall establish the class or courses of subcontracts necessitating consent.
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The Contracting Officer (CO) will ascertain the necessity for just a CPSR depending on Agency anticipations and guidance. A contractor is eligible for any CPSR when revenue to the Government are anticipated to exceed $50 million in the subsequent 12 months, excluding competitively awarded firm-set-cost contracts awarded with or without the need of an financial cost adjustment and profits of business objects pursuant to Significantly section 12.
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“Product weakness” implies a deficiency or mixture of deficiencies in the internal control above data in contractor small business systems, these that there is a sensible chance that a material misstatement of such information will not be prevented, or detected and corrected, on the well timed foundation. A reasonable possibility exists once the likelihood of the function happening is—
Effortlessly create and submit standardized expenditure requests from desktop or mobile. Speed up reimbursement and streamline the reconciliation course of action.
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1. Consent to subcontract. This can be the contracting officer's written consent to the key contractor to enter into a particular subcontract. To CPSR ensure that the contracting officer responsible for consent to generate an educated decision, the prime contractor should submit ample data to ensure that the proposed subcontract is appropriate for the dangers concerned and per latest coverage and audio business enterprise judgment.
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