Government prime contractors or subcontracts who purchase services and materials may be subjected to a Contractor Purchasing System Review (CPSR). The CPSR is very process and documentation driven evaluating the efficiency and effectiveness in which a contractor spends government funds and complies with government policy.

A new proposed DFARS rule relative to contractor business system compliance and the associated penalties for non-compliance lists the procurement system as one of the top six business systems warranting increased audit surveillance.

Join Cherry, Bekaert and Holland for a discussion on the elements of the CPSR, the new proposed compliance requirements, and the consequences of non-compliance. We will cover:

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Government prime contractors or subcontracts who purchase services and materials may be subjected to a Contractor Purchasing System Review (CPSR).  The CPSR is very process and documentation driven evaluating the efficiency and effectiveness in which a contractor spends government funds and complies with government policy.

A new proposed DFARS rule relative to contractor business system compliance and the associated penalties for non-compliance lists the procurement system as one of the top six business systems warranting increased audit surveillance.

Join Cherry, Bekaert and Holland for a discussion on the elements of the CPSR, the new proposed compliance requirements, and the consequences of non-compliance.  We will cover:

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As stated at FAR 44.301, the objective of the 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.

If you are a prime contractor or subcontractor who purchases services or materials, you may be subject to a CPSR if your anticipated sales during the next 12 months (excluding competitively awarded firm-fixed-price, competitively awarded firm-fixed-price with economic adjustment, or sales of commercial items) are expected to exceed $25 million.

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