What is a CPSR audit?

The objective of a contractor purchasing system review (CPSR) is to evaluate the. efficiency and effectiveness with which the contractor spends Government funds and complies with. Government policy when subcontracting. The review provides the administrative contracting officer.

What triggers a CPSR?

Generally, this opportunity is triggered when a contractor’s sales to the Federal Government are expected to exceed $50M during the next 12 months. DFARS 252.242-7005: Contractor Business Systems » A CPSR is one of six business systems.

What is CPSR in procurement?

The objective of a contractor purchasing system review (CPSR) is to evaluate the efficiency and effectiveness with which the contractor spends Government funds and complies with Government policy when subcontracting.

Who conducts CPSR?

CPSR Group
The preparations for the CPSR are conducted by the CPSR Group. Assistance with obtaining information will be requested from the CO and contractor. 2.1. 2.1.

What is the extent of a CPSR review?

44.303 Extent of review. A CPSR requires an evaluation of the contractor’s purchasing system.

What does contractor purchasing system review ( CPSR ) mean?

A Contractor Purchasing System Review ( CPSR ), commonly referred to by some as a “ CPSR Audit” or a “ CPSR Review “, is the Government’s evaluation of the effectiveness with which the contractor complies with certain public law, regulations and contract requirements in their policies, procedures and procurement and subcontracting activities.

How does the ACO determine the need for a CPSR?

44.302 Requirements. (a) The ACO shall determine the need for a CPSR based on, but not limited to, the past performance of the contractor, and the volume, complexity and dollar value of subcontracts.

What does DCMA look for in a CPSR?

the Defense Contract Management Agency (DCMA) in accordance with the CPSR Guidebook. All CPSRs, except a follow-up review, are predicated on a risk assessment. Take the time to understand what DCMA will be looking for in your purchasing system and carefully review the DCMA CPSR Policies and Procedure Checklist.