Contractor Business Systems Series: Part 4 – Purchasing System
January 13, 2023
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What is a Contractor Purchasing System? When is a Contractor Purchasing System required? What trends are being seen in solicitations?
The fourth episode of Cherry Bekaert’s podcast series on each of the six Contractor Business Systems features Brendan Halloran, a Senior Manager in Cherry Bekaert’s Government Contracting Industry practice who previously was a Divisional Administrative Contracting Officer (DACO) at the Defense Contract Management Agency (DCMA), and John Bula, a Manager in the Firm’s GovCon practice. Together they discuss the requirements for a Contractor Purchasing System, as outlined in Defense Federal Acquisition Regulation Supplement (DFARS) 252.244-7001, when it is required and what it entails.
Listen in to find out about:
- What constitutes an acceptable and compliant Contractor Purchasing System
- What triggers the Contractor Purchasing System requirement
- Key components and considerations of a Contractor Purchasing System
- Policies, processes and documentation to demonstrate compliance
- Benefits contractors can realize in having an approved system
- Contractor Purchasing System Reviews (CPSR)
If you have any questions specific to your situation, Cherry Bekaert’s GovCon Consultants are available to discuss your situation with you. Contact us
Cherry Bekaert’s Government Contracting Industry advisors are well versed in business systems requirements and complex control environments. We guide contractors in developing and maintaining compliant business systems, performing systems assessments, providing audit support and preparing contractors for audits or reviews by the Defense Contract Audit Agency (DCAA), the Defense Contract Management Agency (DCMA) or other cognizant agencies.
If you haven’t already, catch up on other parts of the series:
- Contractor Business Systems Series: Part 1 – Applicability
- Contractor Business Systems Series: Part 2 – Accounting System
- Contractor Business Systems Series: Part 3 – Cost Estimating System Requirements
- Contractor Business Systems Series: Part 5 – Earned Value Management System
- Contractor Business Systems Series: Part 6 – Property Management System
- Contractor Business Systems Series: Part 7 – Material Management and Accounting System
- Contractor Business Systems Series: Part 8 – Navigating Business Systems Audits and Reviews
- Contractor Business Systems Series: Part 9 – Navigating Review and Audit Findings