Reference DFARS 245105d3iB Inadequate PMSA Results The Contracting Officer and

Reference dfars 245105d3ib inadequate pmsa results

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Reference: DFARS 245.105(d)(3)(i)(B)
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Inadequate PMSA Results The Contracting Officer and PA must be Aware of the Following: The withholding of payment option is only for contracts with the DFARS 252.242-7005 Contractor Business Systems clause. In order to apply, it must be included in a “covered contract” as defined in DFARS 242.7000(a) AND include DFARS 252.245-7003 Contractor Property Management System Administration. A “covered contract” is a “contract that is subject to Cost Accounting Standards under 41 U.S.C. chapter 15, as implemented in regulations found at 48 CFR 9903.201-1.” See: DFARS 242.7000 Cost Accounting Standards are mandatory on all negotiated contracts in excess of $700,000, provided that, at the time of award, the contractor is performing any CAS-covered contracts valued at $7.5 million or greater.
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Withholding Payment When to Withhold Payment: The withhold of payment is not one of the remedies that is available the Contracting Officer if a contract does not meet the above requirements or other exemptions listed in 48 CFR 9903.201-1 Reference: FAR 45.105(c), 48 CFR 9903.201-1
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Conclusion Topics to Presented in this Lesson: Submission of a Corrective Action Plan. Acceptability of the Corrective Action Plan. Notification of Contractor for adequacy of CAP. Re-Analysis of Contractors PMS (Inadequate Outcomes) Re-Analysis findings. When to withhold payments to the contractor due to an unacceptable PMS.
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Questions
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